Solution-Compare the flexible budget with the actual

Compare the flexible budget with the actual overhead

Assignment Help Financial Accounting

Reference no: EM13513668

The following shows factory overhead budget information for Los Alamitos, Inc., for the year:

Indirect materials used	$0.50 per machine hour plus
	$6,000 fixed cost
Indirect labor	$92,000 fixed cost
Repairs and maintenance	$1.50 per machine hour plus
	$2,100 fixed cost
Depreciation	$9,500 fixed cost
Rent	$12,000 fixed cost

In 19A, the company operated at 11,000 machine hours and incurred the following overhead costs:

Indirect materials used	$11,700
Indirect labor	91,000
Power	10,650
Repairs and maintenance	19,200
Depreciation	9,500
Rent	12,500

Compare the flexible budget with the actual overhead, computing a variance for each item and for the total overhead. Indicate whether variances are favorable (F) or unfavorable (U).

Reference no: EM13513668

Questions Cloud

Calculate how fast are the ions moving : Singly ionized (one electron removed) atoms are accelerated and then passed through a velocity selector consisting of perpendicular electric and magnetic fields. How fast are the ions moving when they emerge from the velocity selector

Define what is the molar mass of this unknown acid : A 10.0 mL aliquot of this weak acid solution was titrated with a 0.0498 M NaOH solution. The equivalence point was reached by adding 11.62 ml of NaOH from the buret. What is the molar mass of this unknown acid?

Adjusting entry for each item : The adjusting entry for each item and the reversing entry for each item where appropriate.

State what is the final temperature of the water : 154 g of water at 80.0°C are mixed with 78.1 g of water at 23.0°C. If no heat is lost to the surroundings, what is the final temperature of the water. The specific heat of water is 4.184 J/g·°C.

Compare the flexible budget with the actual overhead : Compare the flexible budget with the actual overhead, computing a variance for each item and for the total overhead. Indicate whether variances are favorable (F) or unfavorable (U).

What effect does magnetic field have on speed of particle : An alpha particle (a He nucleus, containing two protons and two neutrons and having a mass of 6.52×10^?27 kg) traveling horizontally at 35.2 km/s enters a uniform, What effect does the magnetic field have on the speed of the particle

Prepare a schedule converts dr. dunbars excess : Prepare a schedule that converts Dr. Dunbar's excess of cash collected over cash disbursed" for the year 2012 to net income on an accrual basis for the year 2012.

State standard potassium permanganate solution : A titration was set up with standard potassium permanganate solution(.020 M). A volume of 17 mL potassium permanganate was need to reach the endpoint.

Determine the frequency of the resulting oscillations : A mass of 12.5 kg is hanging by a steel wire 1.13 m long and 1.03 mm in diameter. If the mass is pulled down slightly and released, what will be the frequency of the resulting oscillations

User Account

All Pages

Compare the flexible budget with the actual overhead

Reference no: EM13513668

Reference no: EM13513668

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT