User Account

All Pages

Compute the overhead controllable variance

Assignment Help Cost Accounting
Reference no: EM133052305

Question - Reagan Company planned to produce 20,000 units of product and work 100,000 direct labor hours in 2009. Manufacturing overhead at the 100,000 direct labor hours level of activity was estimated to be:

Variable manufacturing overhead Php 700,000

Fixed manufacturing overhead 300,000

Total manufacturing overhead Php1,000,000

At the end of 2009, 21,000 units of product were actually produced and 108,000 actual direct labor hours were worked. Total actual overhead costs for 2009 were Php1,025,000.

Required -

(a) Compute the total overhead variance.

(b) Compute the overhead controllable variance.

(c) Compute the overhead volume variance.

Reference no: EM133052305

Questions Cloud

Legal status of the ethical issue using nazi research : Submit an introduction to your term paper and the legal status of the ethical issue Using Nazi research
Data classification scheme : Identify and classify the information in your personal computer or personal digital assistant.
How does digital transformation happen : Please ensure you've read the How Does Digital Transformation Happen? The Mastercard Case (A)
Develop the skills to critically analyse marketing situation : Understanding of key theories, concepts and models in marketing to guide the development and execution of marketing strategies
Compute the overhead controllable variance : At the end of 2009, 21,000 units of product were actually produced and 108,000 actual direct labor hours were worked. Compute the overhead controllable variance
Security policy for the physical domain : How it was discovered, and the long-term implications of Stuxnet relative to cyber-warfare. Construct a security policy for the physical domain.
Appropriate way of thinking about sustainability and firm : Discuss why this view of sustainability is a narrow view and identify a more appropriate way of thinking about sustainability and the firm.
Development of the computer system : Why has the development of the Computer System revolutionized the way things are done more than any other technology? What specific Computer applications/uses s
Explain the accounting treatment of the building : Assuming the new building was used as cafeteria for employees of Wind Bhd. Explain the accounting treatment of the building

Reviews

Write a Review

Cost Accounting Questions & Answers

  What will the outcome be for operating income

What will the outcome be for operating income? If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%

  What would be the unit cost of good units

Final inspection of Job 206 disclosed 200 spoiled units which were sold for P6,000. What would be the unit cost of good units

  Which of the accounts for the vacation pay portion

Production throughout the year, the weekly payroll entry would include a debit to which of the following accounts for the vacation pay portion of the entry?

  Find costs of ordering for each of the annual orders

Prepare a table like Exhibit 7.14. Find the costs of ordering and carrying inventory for each of the following number of annual orders: 40 orders, 50 orders, 60 orders.

  Question pemberton company acquired all of the liabilities

question pemberton company acquired all of the liabilities and assets of the samuelson corporation for cash on 1st

  Stigler''s theory

Stigler's 'private interest theory' proposes that regulatory bodies (including accounting standard setters) are made up of individuals who are self-interested, and these individuals will introduce regulation that best serves their own self-interest.

  What dollar amount of merchandise inventory should mj plan

MJ's gross profit rate is 45% of sales dollars. What dollar amount of merchandise inventory should MJ plan to purchase in August?

  Describe the implications on current and future cash flows

Issuing preferred shares or by issuing a loan. Describe the implications on current and future cash flows and net earnings for each option.

  Prepare a production report for the blending department

Post the journal entries from requirement 1 above to T-accounts. Prepare a production report for the Blending Department for March. (Round "Cost per equivalent unit" answers to 2 decimal places.)

  Compute the unit product cost under marginal costing method

Prepare a income statement for the month using the variable/marginal costing method. Compute the unit product cost under variable

  Explain the ethical issues in budgeting

Describe the alternative approach in budgeting such as zero- base budgeting , activity based budgeting and kaizen. Explain the ethical issues in budgeting

  Why does panel a have higher gross and net profit rates

Why does Panel A have higher gross and net profit rates than panel B? Make sure to use the case study and your profit statements to support your discussion.

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