User Account

All Pages

Compute the overhead spending variance and volume variance

Assignment Help Accounting Basics
Reference no: EM132341945

Question - Use the following information of Alfred Industries.

Standard manufacturing overhead based on normal monthly volume:   

Fixed ($303,400 ÷ 20,000 units) $15.17   

Variable ($100,000 ÷ 20,000 units) 5.00 $20.17

Units actually produced in current month  18,000units

Actual overhead costs incurred (including $300,000 fixed) $383,800

Compute the overhead spending variance and the volume variance.

Reference no: EM132341945

Questions Cloud

Compare and contrast perspective on the issue : Compare and contrast perspective on the issue. How are articles similar or different on how they expose the issues? What are the explicit and implicit issues.
What is the current market price of these bonds : Callaghan Motors' bonds have 10 years remaining to maturity. The bonds have a yield to maturity of 9 percent. What is the current market price of these bonds
Shape the organizational environment of the selected company : Evaluate the fundamental driving forces that shape the organizational environment of the selected company.
Current computer software platforms and trends : After reviewing the current computer software platforms and trends, describe how you would apply three external sources for software.
Compute the overhead spending variance and volume variance : Standard manufacturing overhead based on normal monthly volume: Fixed - $15.17. Compute the overhead spending variance and the volume variance
Role of a project manager within the broader perspective : Identify any Project Management software and present a synopsis showing a comparison - describe a strategy for managing each particular risk
Describe the major capabilities of database management : Name and describe the major capabilities of database management systems and explain why a relational database can be so powerful
Discuss what happens with different layout managers : How many components can you put in each region of a BorderLayout? How can use JPanel panels to get around this limitation?
What is yield to call : Pawleys lnc.'5 bonds currently sell for $1,264 and have a par value of $1,000. What is their yield to call (YTC)

Reviews

Write a Review

Accounting Basics Questions & Answers

  Level of ownership-equity method

Should the rules be rewritten so that Coca-Cola must consolidate CCE rather than use the equity method? If so, at what level of ownership would the equity method no longer be appropriate?

  Differenciate between adjusting entries and closing entries

Identify each of the following accounts of Haifa Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case.

  Describe the pros and cons of mail telephone in-depth

describe the pros and cons of mail telephone in-depth interviews and online surveys. which research method do you think

  What is the before-tax cost of debt for olympic

Olympic Sports has two issues of debt outstanding. What is the before-tax cost of debt for Olympic? What is Olympic's after-tax cost of debt

  Prepare an amortization schedule that describes the pattern

Prepare an amortization schedule that describes the pattern of interest expense over the lease term for Red Baron Flying Club.

  Compute net cash provided by operations

Using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables

  The budgeted contribution margin per carabiner

What was the budgeted contribution margin per carabiner?

  Three-fourths of the taxes receivable are expected to be

prepare general journal entries to record the following transactions in rockwall citys general ledger and make

  Increase in a current liability

A transaction that is likely to cause an increase in a current liability is: A. payment of accrued wages. B. accrual of interest expense.

  Reissuance of treasury shares

Gaines share. During the current year, 1,000 of these shares were reacquired for $20 each. 500 treasury shares are subsequently reissued at $25 per share.

  Prepare journal entries to record merchandising transactions

Prepare journal entries to record the following merchandising transactions of Bask Company, which applies the perpetual inventory system

  Data for assembly department for april 2012 are what amount

data for assembly department for april 2012 are work in process beginning inventory--------400 units direct materials

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