User Account

All Pages

Determine the production-volume overhead variance for april

Assignment Help Managerial Accounting
Reference no: EM132520790

Johnston Equipment develops food processing equipment. The budgeted fixed overhead costs for 2018 total $624,000. The company uses direct labour-hours for fixed overhead allocation and anticipates 520,000 hours during the year for 960,000 units. An equal number of units are budgeted for each month.

  • During April 84,000 packages (units) were produced and $72,000 was spent on fixed overhead.

Required:

Question a. Determine the fixed overhead rate for 2018 based on direct labour-hours.

Question b. Determine the fixed overhead static-budget variance for April.

Question c. Determine the production-volume overhead variance for April.

Reference no: EM132520790

Questions Cloud

Find the value of good units completed : Find The value of good units completed and transferred out, Cost/equivalent unit for transferred-in costs, Cost/equivalent unit for conversion costs
Considerable confusion among construction : considerable confusion among construction and practitioners and contractors relating to its procedure and enforcement.
Demonstration of knowledge of the issues : Demonstration of knowledge of the issues and evidence of wide reading to support your analysis
Cancellation power of migration act : What is the most likely cancellation power(s) of the Migration Act 1958 that the Department of Home Affairs would rely on to consider the cancellation
Determine the production-volume overhead variance for april : Determine the production-volume overhead variance for April. Determine the fixed overhead rate for 2018 based on direct labour-hours.
Find what is net income under absorption costing : Assume the fixed overhead per unit was $8.00 for both the beginning and ending inventory. What is net income under absorption costing?
What boone hobbies budgeted purchases for next month : What Boone Hobbies budgeted purchases for next month is expected to be? Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000.
Responsible for the attack : Which group or groups were responsible for the attack? Describe how this was investigated.
How much of the correspondence cost assigned to department : How much of the correspondence cost will be assigned to Department X? Bill Cobb Corporation had the following activities, pooled costs for each activity

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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