User Account

All Pages

Compute the variable overhead efficiency variance for July

Assignment Help Accounting Basics
Reference no: EM132530193

Question - The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:

Actual variable manufacturing overhead cost incurred: $32,500.

Actual machine-hours worked: 1,750 hours.

Variable overhead rate variance: $4,500 Unfavorable.

Total variable overhead spending variance: $8,260 Unfavorable.

Required - Compute the variable overhead efficiency variance for July?

a. $12,760 Unfavorable

b. $12,760 Favorable

c. $3,760 Unfavorable

d. $3,760 Favorable

Reference no: EM132530193

Questions Cloud

Prepare income statement for the month ended march : Prepare schedule of cost of goods manufactured, an income statement for the month ended March 31, and prepare only the inventory section
Describe the culturally diverse forensic population : Describe the culturally diverse forensic population you researched. Cite and reference the article you selected. Briefly summarize the research article.
Assess whether consideration of consequences : Assess whether consideration of consequences can be safely eliminated from any moral system? Why do you think so?
Calculate the net daily advantage of the system : If the lock box makes the cash available 2 days earlier, calculate the net daily advantage of the system. (Do not round intermediate calculations.)
Compute the variable overhead efficiency variance for July : Actual variable manufacturing overhead cost incurred: $32,500. Compute the variable overhead efficiency variance for July
What is the expected profit of granting credit : What is the expected profit of granting credit? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations.)
What will be the change in the firm total monthly profits : If the interest rate is 1% per month, what will be the change in the firm total monthly profits on a present value basis if credit is offered to all customers?
Describe how victim effects can influence helping behavior : In 750-1,000 words, define and discuss the ways in which diffusion of responsibility, pluralistic ignorance, and victim effects can influence helping behavior.
Compute the contribution margin for Parts Division : Compute the contribution margin for Parts Division, Machines Division, and Global Tronics, Inc. associated with the sale of Part Z35 and Model SC20

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identify control deficiencies to determine their effect

Identifying control deficiencies to determine their effect on the nature, timing, or extent of auditing procedures to be applied and suggestions to be made to the client.

  A new staff accountant for the mccollum corporation

during its first year of operations the mccollum corporation entered into the following transactions relating to

  How absorption costing can be abused by management

Explain how full-absorption costing can be abused by management to misstate financial results. Be sure to distinguish the difference between absorption costing and variable costing, and the impact on inventoried costs before you explain how absorp..

  Compute the taxable income

Use of the depreciable assets will result in taxable amounts of $300,000 in each of the next three years. Compute the taxable income

  Calculate the total medicare tax

Paul Robinson's filing status is married filing jointly, and he has earned gross pay of $2,850. Each period he makes a 403(b) contribution of 6.5% of gross pay.

  The contribution format income statement

1.  Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover. (Round your intermediate calculations and final answer to 2 decimal places.)

  For each of the following inventory errors occurring in 2011

Assume that the error is not discovered until 2012 and that a periodic inventory system is used. Ignore income taxes.

  Prepare and incremental analysis for the special order

Gruner and Company produces golf disks which it normally sells to retailers for 7 dollars each. Prepare and incremental analysis for the special order

  What internal revenue service code section addresses

What internal revenue service code section addresses how sales of assets versus sales of stock are taxed? What are the significant differences

  Create a diagram comparing accrual and cash accounting

Create a diagram comparing accrual and cash accounting. Also include a 350- to 700-word summary of the differentiation and uses of the two.

  Economists classify production as possessing constant

economists classify production as possessing constant decreasing or increasing returns to scale. yet from a

  Prepare the reconciliation of the governmental fund balances

Prepare the reconciliation of the governmental fund balances to the net position reported for governmental activities on the Statement of Net Position

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