Compute the overhead controllable variance

Reference no: EM13124102

Earth Company expects to operate at 86% of its productive capacity of 52,000 units per month. At this planned level, the company expects to use 26,832 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate based on direct labor hours. At the 86% capacity level, the total budgeted cost includes $53,664 fixed overhead cost and $241,488 variable overhead cost. In the current month, the company incurred $335,000 actual overhead and 19,800 actual labor hours while producing 33,000 units.

Reference no: EM13124102

Questions Cloud

Give point estimate for difference between proportion : Give a point estimate for the difference between the proportion of college-aged women and the proportion of college-aged men who are registered to vote.

Critique essay dos and don''ts of critiquing : you write this crituque essay Dos and Don'ts of Critiquing

How many card holders be sampled if standard deviation given : The standard deviation is thought to be $750. How many card holders should be sampled? Your company charges a set dollar amount for each account in the sample.

Does fasb charge for its statements : Can you oftain a copy of the full text of these statements from this web site? Does FASB charge for its statements, or are they provided free of charge?

Compute the overhead controllable variance : Earth Company expects to operate at 86% of its productive capacity of 52,000 units per month. At this planned level, the company expects to use 26,832 standard hours of direct labor.

Probability that shopper spend more than twenty five minutes : What is the probability that a shopper will spend more than 25 minutes in a store? If 200 shoppers enter a store, how many shoppers would you expect to stay in the store for more than 25 minutes?

Illustrate what journal entries would krause record : Illustrate what journal entries would Krause Co. record during the first year of the lease? (Include an amoritization schedule through 1/1/13 and round to the nearest dollar.)"

What is annes annual after-tax rate of return : Anne's marginal income tax rate is 30 percent. She purchases a corporate bond for $10,000 and the maturity, or face value, of the bond is $10,000. If the bond pays 5 percent per year before taxes, what is Anne's annual after-tax rate of return fro..

Maximizing the profits from joint products : Which of the following is not a step needed to maximize the profits from joint products?

User Account

All Pages