User Account

All Pages

Compute the fixed overhead spending variance

Assignment Help Cost Accounting
Reference no: EM133059852

Question - The standard factory overhead rates are based on a normal monthly volume of 1.5 standard direct labor hour per unit. The standard factory fixed overhead rate per direct labor hour is $3. The company has a normal activity of mono units. The actual units produced are 20,600 units. The actual fixed overhead cost was $110,000.

Required -

1. Compute the fixed overhead spending variance.

2. Compute the fixed overhead volume variance.

3. Prepare all the relevant journal entries (including the closing entry).

Reference no: EM133059852

Questions Cloud

Calculate the expected return of a portfolio : Based on the table above, calculate the expected return of a portfolio which has a 35% weight on A, 40% weight on B, and 25% weight on a Treasury-bill with a re
Prepare the journal entries to record the receipt : Prepare the journal entries to record the receipt of the 500,000 Yen on March 1, 2014, assuming that Canada Corp did not enter into a hedge transaction
Compute the npvs of the two projects : You are analyzing two mutually exclusive projects with the cash flows shown below. The cash flows are in millions. Both projects are equally risky.
Customers and leveraging power of social media : Select an organization that you believe to be particularly good at interacting with its customers and leveraging the power of social media.
Compute the fixed overhead spending variance : The standard factory overhead rates are based on a normal monthly volume of 1.5 standard direct labor hour per unit. Compute fixed overhead spending variance
Customer relationship management strategies : You believe is significantly under-performing in terms of their social media and associated customer relationship management (CRM) strategies
Stock prices of dow and roh : Dow Chemicals' (DOW) acquisition of Rohm & Haas (ROH) in 2008: For this entire question use only the information given herein. Assume that the value of synergie
Both forward and options are hedging instruments : Both forward and options are hedging instruments. How they are different from each other please explain? Further how they can be used to manage economic exposur
Financial impact of covid in the health care industry : What surprised you the most about the financial impact of COVID in the health care industry?

Reviews

Write a Review

Cost Accounting Questions & Answers

  What are the joint costs allocated to gloves and mittens

What are the Joint costs allocated to Gloves and Mittens assuming Great Falls uses the estimated net realizable value approach.

  Prepare the statement of changes in net position

Prepare the Statement of Changes in Net Position of the Flood Control Commission for the month ended October 31, 2011

  Transform financial statements from barclays bank group

Transform financial statements from Barclays bank group limited, to an XBRL (GAAP or IFRS)instance Document

  Journalize the adjusting entry at december

If Wainwright uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31

  Describe an appropriate set of investment objectives

Identify and describe an appropriate set of investment objectives and constraints for the Atkins Endowment Fund to be created after Mrs. Atkins’s death.

  Explain the impact of the affordable care act

Explain the impact of the Affordable Care act on the population that it affected

  What is the job cost of the L Model using normal costing

The 2007 actual assembly support costs were P6,888,000, and the actual direct labor-hours were 164,000. What is the job cost of the L Model using normal costing

  What manufacturing overhead cost matthew actually incur

What manufacturing overhead cost Matthew actually incur would be P?Predetermined overhead rate (based on direct labor-hours) P 5.00 per DLH

  What amount should be debited to Factory Overhead

The actual cost of a spoiled picture frame is P7.00. The spoilage is considered a part of all jobs (factory overhead). What amount should be debited to Factory

  What is the margin of safety as a percent of sales

Mar Co. has fixed costs of $36,000 and a contribution rate of 24%. If predicted sales are $200,000, what is the margin of safety as a percent of sales?

  How much is corn break even point in units

Fixed costs total P300,000 annually. The expected mix in units is 60% for product Y and 40% for product Z. How much is Corn's break even point in units?

  What are marcuss ethical obligations to the company

What, if any, are the ethical considerations in this situation? What are Marcus's ethical obligations to the company? To his friend?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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