Solution-Compute the variable mo efficiency variance

Compute the variable mo efficiency variance

Assignment Help Cost Accounting

Reference no: EM132549199

XYZ Manufacturing expects to use 5 Machine Hours (MH) for every unit produced- MH is the cost driver for Variable Manufacturing Overhead (MO), which only involves electricity cost. Expectations regarding electricity cost are: pay $0.10 per kilowatt hour (kwh), and use 80 kwh for each MH used. For the month, actual production was 1,000 units, actual MH used were 6,500, actual kwh used were 600,000, and the actual rate paid per kwh was $0.12.

Question 1: Compute the Variable MO Spending Variance (VOSV) and label unfavorable (U) or favorable (F).

a. $72,000 (U)

b. $8,000 (U)

c. $20,000 (U)

d. $12,000 (U)

Question 2: Compute the Variable MO Efficiency Variance (VOEV) and label unfavorable (U) or favorable (F).

a. $12,000 (U)

b. $9,600 (U)

c. $8,000 (U)

d. $150 (U)

Reference no: EM132549199

Questions Cloud

Primarily cognitive components : Check check all of the following tangible benefits of well crafted visions that are primarily cognitive components:

How much is Eva standard deduction for tax year : Young's dependent daughter, Eva, age 19, is a college student. How much is Eva's standard deduction for tax year 2019

Various functions in building excellence : Pay particular attention to the role played by the various functions in building excellence.

What you learned about your specific leadership qualities : Upon completion, summarize and share with your group what you learned about your specific leadership qualities, so you can become familiar with how you are.

Compute the variable mo efficiency variance : Compute the Variable MO Efficiency Variance (VOEV) and label unfavorable (U) or favorable (F). Compute the Variable MO Spending Variance (VOSV)

Determining the eligibility of employees for the opportunity : Please help me with developing a plan that includes Assess the legalities of training, determine whether the plan could offend

Identify the formal structure of an organization : Identify the formal structure of an organization. Using an organization of your choice as an example

Discuss importance of defining intelligence problem : Discuss the importance of defining the intelligence problem and devising a comprehensive approach to analytically solving the issue.

Review the abstract and the methods section of the article : The first step of the evidence-based practice process is to evaluate a nursing practice environment to identify a nursing problem in the clinical area.

User Account

All Pages

Compute the variable mo efficiency variance

Reference no: EM132549199

Reference no: EM132549199

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT