Compute the controllable overhead variance

Assignment Help Accounting Basics
Reference no: EM131539525

Question: 1. Nokia monitors its fixed overhead. In an analysis of fixed overhead cost variances, what is the volume variance?

2. Funk Co. expects to produce 48,000 units for the year. The company's flexible budget for 48,000 units of production shows variable overhead costs of $72,000 and fixed overhead costs of $64,000. For the year, the company incurred actual overhead costs of $122,800 while producing 40,000 units. Compute the controllable overhead variance.

Reference no: EM131539525

Questions Cloud

Case study report on company ethical decisions : Review the steps that should go into making an ethical decision in the Ethical Cases document (see below).
Should they launch separate sales force for the new product : Should they launch a separate sales force for the new product, or sell it through their existing sales force? How good is their current sales force?
Explain the flexible budget : A flexible budget shows fixed costs as constant amounts of cost per unit of activity.
Compare and contrast ethics-morals-values : Compare and contrast ethics, morals, values and bioethics. Once your material is posted, be sure to review and comment on at least two of your peers postings.
Compute the controllable overhead variance : Nokia monitors its fixed overhead. In an analysis of fixed overhead cost variances, what is the volume variance?
What is the labor efficiency variance : The following information is available for York Company.
What is the amount of the collection float as of end of day : What is the amount of the collection float as of the end of the day?
Can the total materials cost variance be favorable : If a materials quantity variance is favorable and a materials price variance is unfavorable, can the total materials cost variance be favorable?
Write a strategic plan : In a 20-page strategic plan, include the following components: Mission statement (provided in the case study), Vision statement, Core values and SWOT analysis

Reviews

Write a Review

Accounting Basics Questions & Answers

  Does andover company use a periodic or perpetual inventory

Prepare a multiple-step income statement for Andover Company for the year ended June 30, 2010. The merchandise inventory as of June 30, 2010, was $188,200.

  What is a computer based information system

What is a computer based information system? What are its components?

  Preparing a financial business case

Not having much real world experience in preparing a financial business case, Tien has employed your team to provide him with advice on three areas:

  Express the given comparative income statement

Express the following comparative income statements in common-size percents and assess whether or not this company's situation has improved in the most recent.

  Prepare the journal entry to record the distribution

Prepare the journal entry to record the distribution of the stock dividend on the declaration date.

  Prepare journal entries that troy corporation

On May 11, Sydney Co. accepts delivery of $40,000 of merchandise it purchases for resale from Troy Corporation. With the merchandise is an invoice dated May 11, with terms of 3/10, n/90, FOB shipping point.

  The diamond glitter company is in the process of preparing

the diamond glitter company is in the process of preparing its financial statements for 2012. assume that no entries

  What is the maturity risk premium

Assume that real risk-free rate = 3%. Inflation rate is expected to be 8% in year 1, 5% in year 2, and 4% thereafter. Also assume that all T-bonds are highly liquid and free of default risk. If 2-year T-bond yields 13%, what is the maturity risk p..

  Narrows the spectrum to the mean-median

Trend forecasters, sometimes called "futurists," use three "P's": Possible, Probable, and Plausible. "Possible" includes the "outliers" on the classic bell curve. "Probable" narrows the spectrum to the mean, median, and mode at the top of the be..

  A computer randomly generates numbers and letters

How do you think we can improve the process by which a computer randomly generates numbers and letters? Explain. Why is random seeding so important, and provide an example of how this is used every day?

  What is the amount of gross cash inflows reported in the

during the year ravenna paid a 9300 cash dividend and it sold a piece of equipment for 4650 that had originally cost

  Explain the importance of forensic accounting investigation

Briefly explain the following points: • Importance of Forensic Accounting Investigation. • Role of Forensic Investigator • Forensic Accounting Investigation Plan.

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