Compute the fixed overhead budget variance for april

Assignment Help Accounting Basics
Reference no: EM131793019

Question - Standard Company has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor hours as follows:

Standard overhead costs per unit:

Variable portion 2 hours @ $3 = $ 6 per unit

Fixed portion 2 hours @ $5 = $10 per unit

The following data pertain to operations in April:

Actual output 80,000 units

Actual direct labor cost $644,000

Actual direct labor hours worked 165,000 hours

Actual variable overhead cost incurred $518,000

Actual fixed overhead cost incurred $860,000

The fixed overhead budget variance for April was:

$60,000 favorable.

$40,000 favorable.

$60,000 unfavorable.

$40,000 unfavorable.

Reference no: EM131793019

Questions Cloud

Discuss the non-resident parent company : The company established one of its subsidiary company in India to sell the clothes and accessories of the non-resident parent company
Find the thevenins equivalent : The value of load reristance at a and b so that it abosorbs maximum power from the circuit - For the circuit shown in figure, the maximum power transferred
What are the current professional trends and influences : What is the current job outlook in your professional field of interest, What are the current professional trends/influences in your chosen field
Find the margin of error using a 95 percent confidence level : Find the margin of error, using a 95% confidence level, for estimating the percentage of all residents who have volunteered for a cleanliness drive.
Compute the fixed overhead budget variance for april : Actual direct labor hours worked 165,000 hours. Actual direct labor cost $644,000. The fixed overhead budget variance for April was
Discuss charge of the federal tax system : You are now in charge of the Federal Tax System and are able to make any changes you desire. What changes would you make and why
Journalize the transactions of june and july : On June 5, Belen Corporation required 3,300 shares of it common stock at $45 per share. Journalize the transactions of June 5, July 15, and August 30
What affect does a leadership style have on ability of team : How do you believe you can assess your natural leadership style? What affect does a leadership style have on the ability of a team to become high-performance?
Discuss a journal entry for each of the transactions : a journal entry for each of the transactions. Remember that the revenues must be classified as unrestricted

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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