Solution-Compute variable overhead spending and efficiency

Compute variable overhead spending and efficiency variances

Assignment Help Cost Accounting

Reference no: EM13538565

Cedar Key Company produces handmade clamming buckets and sells them to distributors along the Gulf Coast of Florida. The company incurred $9,400 of actual overhead costs ($8,000 variable; $1,400 fixed) in May. Budgeted standard overhead costs for May were $4 of variable overhead costs per direct labor hour and $1,500 of fixed overhead costs. Normal capacity was set at 2,000 direct labor hours per month. In May, the company produced 10,100 clamming buckets by working 1,900 direct labor hours. The time standard is 0.2 direct labor hour per clamming bucket.

Required: Compute the variable overhead spending and efficiency variances and (2) the fixed overhead budget and volume variances for May.

Reference no: EM13538565

Questions Cloud

Explain phenyl ring increases the acidity of the -oh group : Benzyl alcohol, although a primary alcohol, reacts very rapidly in the presence of HCl forming benzyl chloride. Why is this. The phenyl ring increases the acidity of the -OH group.

What is the liner speed of the sphere : A solid sphere of mass 4.0kg and radius of 0.12m is at rest at the top of a ramp inclined 15degrees. It rolls to the bottom without slipping. What is the liner speed of the sphere

Prepare a computation of the carrying value of the patent : Prepare a computation of the carrying value of the patent as of December 31, 2008.

Enter the transactions for june in t accounts : Enter the transactions for June in T accounts. Use the accounting equation as a guide for setting up the T accounts.

Compute variable overhead spending and efficiency variances : Compute the variable overhead spending and efficiency variances and (2) the fixed overhead budget and volume variances for May.

Explain the actual value of the van''t hoff factor : If the 3.90 m solution from Part A boils at 103.45 ^\circ {\rm C}, what is the actual value of the van't Hoff factor, i. The boiling point of pure water is 100.00 ^\circ {\rm C} and K_b is equal to 0.512 ^\circ {\rm C}/m

Determine what is the resulting speed : A 25.0g bullet moving at 900 m/s is fired through a 0.900 kg block of wood emerging at a speed of 100 m/s. what is the resulting speed

Find the breakeven point in units for each product : find the breakeven point in units for each product - The company's fixed costs are $2,040

Magnitude of the magnetic force acting on the particle : A positively charged particle of mass 7.27E-8 kg is traveling due east with a speed of 87.0 m/s and enters a 0.250 T uniform magnetic field. The particle moves through one-quarter of a circle in a time of 2.04E-3 s, at which time it leaves the field ..

User Account

All Pages

Compute variable overhead spending and efficiency variances

Reference no: EM13538565

Reference no: EM13538565

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