Calculate the total, budget, and volume variances

Assignment Help Managerial Accounting
Reference no: EM133010280

Problem - Blossom Company's overhead rate was based on estimates of $189,600 for overhead costs and 18,960 direct labour hours. Blossom's standards allow 2 hours of direct labour per unit produced. Production in May was 840 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,680 standard direct labour hours is $16,500 ($4,740 fixed and $11,760 variable). Calculate the total, budget, and volume variances for overhead.

Reference no: EM133010280

Questions Cloud

Analyze and explain a preferred alternative : Identify three primary Internal (within the organization) and three External Factors impacting or reflected in this case and briefly explain them
What will be the interest rates on five-year bonds : What will be the interest rates on 5-year bonds? Short term (one year) interest years over the next 6 years will be 1.7, 0.8, 0.8, 2, 2.8, and 5.
Prepare Kameron Gibson bank reconciliation : Kameron IGibson's bank statement showed a balance of $774.15. Prepare Kameron Gibson's bank reconciliation
What marginal tax rate would an investor be : A municipal bond of equal risk currently yields 6%. At what marginal tax rate would an investor be indifferent between the two bonds?
Calculate the total, budget, and volume variances : The overhead budgeted for 1,680 standard direct labour hours is $16,500 ($4,740 fixed and $11,760 variable). Calculate the total, budget
Prepare a risk profile template : Prepare a risk profile template. The assignment is based on a client, Claire Reagan who has booked an appointment with JTK Financial Services.
What stock price is expected one year from now : Assuming that the dividend grows consistently at a fixed growth rate, what is the growth rate? What stock price is expected 1 year from now
How will afford the next shipment : Take the risk exposure of your local Exxon gas station related to oil prices. If oil prices are high, how will they afford the next shipment.
Should book ahead or?wait : If your cost of capital is 13% per? year, should you book ahead or?wait? You estimate that pleasure you get from? heli-skiing is worth $6,800 per week to you.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd