User Account

All Pages

Compute the variable overhead rate variance for September

Assignment Help Accounting Basics
Reference no: EM132533453

Question - Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 1.3 hours per unit. The variable overhead rate standard is $10.50 per hour. In September, the company produced 1,500 units using 1,940 direct labor-hours. The actual variable overhead rate was $11.70 per hour.

Required - Compute the variable overhead rate variance for September?

a. $2,328 F

b. $2,445 U

c. $2,328 U

d. $2,445 F

Reference no: EM132533453

Questions Cloud

Describe the culturally competent nursing interventions : Critically analyze and describe the culturally competent nursing interventions for a Hispanic woman after a fetal demise from a cord accident.
Specific evidence of particular crime : It is sometimes said that information extracted from a router or switch does not necessarily provide specific evidence of a particular crime.
Compute the cost to be allocated to Product L : Compute the cost to be allocated to Product L for this period's $660 of joint costs if the value basis is used. (Do not round your intermediate calculations.)
Strategy to overcome the limitations of looking : How do organisations that thrive on employee engagement and empowerment use synthesis as an strategy to overcome the limitations of looking
Compute the variable overhead rate variance for September : The quantity standard is 1.3 hours per unit. The variable overhead rate standard is $10.50 per hour. Compute the variable overhead rate variance for September
Information about the history of cryptography : Use the library and other internet resources to research for information about the history of Cryptography.
Forecast demand for human resources : Describe the different critical point standards with the help of relevant real-life examples and Briefly discuss the techniques to forecast demand for Human
Prepare the entry to record the employer payroll taxes : The amount paid to employees in excess of $7,000 was $720,000. Income taxes withheld were $225,000. Prepare the entry to record the employer payroll taxes
Find and solve the cost of goods sold account : Find and Solve the cost of goods sold account. Assuming underapplied or overapplied overhead is transferred to cost of goods sold at the end of the period.

Reviews

Write a Review

Accounting Basics Questions & Answers

  On january 1 2013 cameron inc bought 10 of the outstanding

on january 1 2013 cameron inc. bought 10 of the outstanding common stock of lake construction company for 160 million

  Prepare an analysis showing the total cost saving

Manson Industries incurs unit costs of $7 in making an assembly part for its finished product. Prepare an analysis showing the total cost saving

  Determine the amount fortune corporation

Using the data presented in E1-13, determine the amount Fortune Corporation would record as a gain on bargain purchase and prepare the journal entry Fortune would record at the time of the exchange if Fortune issued bonds with a par value of $580..

  Jacobi company balance sheet was the following shareholders

Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:

  A company reports pretax accounting income of 10 million

a company reports pretax accounting income of 10 million but because of a single temporary difference taxable income is

  One of the most significant areas of audit planning

One of the most significant areas of audit planning and risk assessment is to become expertly knowledgeable about the industry or industries that the audit client operates in. This may involve multiple SBU's (Strategic Business Units).

  What amount of loss should doty recognize

Doty amortizes discounts, premiums, and bond issue costs using the straight-line method. What amount of loss should Doty recognize on the redemption

  Problem regarding the expected value

Duddy Kravitz, a broker with Caveat Emptor, Ltd., offers free investment seminars to local PTA groups. On average, Kravitz expects 1% of seminar participants to purchase $25,000 in tax-sheltered investments and 5% to purchase $5,000 in stocks and ..

  What are the required sales if montoya desires net income

Montoya manufacturing has fixed costs of $1,800,000 and variable costs are 40% of sales. What are the required sales if Montoya desires net income of $180,000?

  What is burger queen operating leverage

Question - Burger Queen Restaurant had the following information available related to its operations from last year: What is Burger Queen's operating leverage

  Compute elisa capital account balance at the end of the year

Franco capital, $42,000; Elisa capital, $58,000. Elisa's capital account balance at the end of the year is

  If canyon realty co paysweekly salaries of 12000 on friday

if canyon realty co paysweekly salaries of 12000 on friday for a five-day work weekending on that day. what is the

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