Solution-Compute the variable overhead rate variance for

Compute the variable overhead rate variance for june

Reference no: EM131805669

Question - Doe Corporation makes a product with the following standard costs:

Inputs	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	4.9 grams	$4.00 per gram	$19.60
Direct labor	0.7 hours	$14.00 per hour	$9.80
Variable overhead	0.7 hours	$9.00 per hour	$6.30

The company reported the following results concerning this product in June.

Originally budgeted output	6,300	units
Actual output	6,200	units
Raw materials used in production	28,430	grams
Actual direct labor-hours	4,000	hours
Purchases of raw materials	32,300	grams
Actual price of raw materials purchased	$4.10	per gram
Actual direct labor rate	$14.90	per hour
Actual variable overhead rate	$8.70	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased.

Required - Compute the variable overhead rate variance for June?

Reference no: EM131805669

Questions Cloud

Calculate stock a beta : Suppose Krf = 5% , Km= 10%, and Ka=14%. a. Calculate stock A's beta.

With less capital than in the golden rule steady state : Would a policy maker choose a steady state with more captial than in the Golden Rule steady state?With less capital than in the Golden Rule steady state?

Compute average and standard deviation of the lifetime gifts : Compare these averages and standard deviations to the average and standard deviation of the lifetime gifts for the full database of 20,000 people.

Elasticity of demand and supply of oil : If the elasticity of demand and supply of oil are -0.20 and 0.40, respectively, what happens to the price of oil?

Compute the variable overhead rate variance for june : The company applies variable overhead on the basis of direct labor-hours. Compute the variable overhead rate variance for June

How would the reduction in the number of immigrant workers : How would the reduction in the number of immigrant workers affects the economy in the short-term (Use IS-LM framework and graphs)

Find the expected size of the agency fee : Your firm's total advertising budget has been set for the year. You (as marketing manager) expect to spend about $1,500,000 on TV commercials.

How would you accomplish your goal : How would you accomplish your goals? (what is the best argument you could make to consumers to achieve your goals?)

Find the maximum level of seignorage : Find the maximum level of seignorage that can be financed under the assumption that x

User Account

All Pages

Compute the variable overhead rate variance for june

Reference no: EM131805669

Reference no: EM131805669

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

A letter explaining advantages of standard costing system

Based solely on the above information the net cash provided

Discuss the need for an accounting standards-setting body

Revenue and cost

Hagos corporation is working on its direct labor budget for

The net-present-value method to analyze investment

Government accounting: preparing journal entries

Find out the amount of cost assigned to receiving activity

Present value barney smith invests in a stock that will pay

Kligon widgets purchased machinery five years ago for

What is the total cost per batch

Write an analysis about test of liquidity that compare best

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT