User Account

All Pages

Determine the total overhead variance

Assignment Help Accounting Basics
Reference no: EM131797816

Question - The standard cost of product 2525 includes 1.83 hours of direct labor at $13.90 per hour. The predetermined overhead rate is $20.60 per direct labor hour. During July, the company incurred 4,260 hours of direct labor at an average rate of $14.60 per hour and $69,276 of manufacturing overhead costs. It produced 1,900 units.

(a) Compute the total, price, and quantity variances for labor.

(b) Compute the total overhead variance.

Reference no: EM131797816

Questions Cloud

What is bottom line net income reported on carol schedule : Carol owns 40% of CJ Partnership. What is the bottom line net income reported on Carol's Schedule K-1
What is total annual cost of managing : What is total annual cost (excluding item cost) of managing this item on a cost-minimizing basis?
Write a scenario involving a zero tolernace policy : Write a scenario involving a zero tolernace policy for a school. Use the quote below to get you started. 3 intext citations at a minimum.
Has the average caseload increased : Has the average caseload increased? What measure of central tendency is most appropriate to answer this question? Why?
Determine the total overhead variance : The standard cost of product 2525 includes 1.83 hours of direct labor at $13.90 per hour. Compute the total overhead variance
Explain what is the current economic situation for ucco : Explain What is current economic situation for UCCO? What suggestions Barbara make to help mitigate financial issues? Use financial review provide in UCCO case.
Compute the standard direct labor hours per gallon : Price-hourly wage rate $15.00, payroll taxes $1.16, and fringe benefits $1.71. Compute the Standard direct labor hours per gallon
Security policy and acceptable use policy : Differentiate between a security policy and an acceptable use policy. Be sure to provide examples of what each might contain.
Compute a median and mean for the pretest : For the test scores first presented in problem 2.6 and reproduced here, compute a median and mean for the pretest and posttest and then interpret.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Financial statements-adjusting and closing entries

(Financial Statements, Adjusting and Closing Entries) The trial balance of Belle my Fashion Center contained the following accounts at November 30, the end of the company's fiscal year.

  Prepare financial statements for december

Preparation of Financial Statements for Dec 31, 2008 with the following info below? what should be added to incomestatement, owners equity statement, balance sheet & cash flow?

  A state requires large merchants ie those with sales over a

a state requires large merchants i.e. those with sales over a specified dollar amount to report and remit their sales

  Decrease in manufacturer price to retailer would deliever

What decrease in manufacturer price to the retailer would deliver the same volume hurdle to both the retailer and manufacturer as a 15-percent-off sale.

  For 2012 selene company initiated a sales promotion

for 2012 selene company initiated a sales promotion campaign that included the expenditure of an additional 25000 for

  Compute the times interest earned ratio

Comparative financial statements for Weller Corporation, a merchandising company, Compute following financial ratios for this year: Times interest earned ratio

  Under traditional product costing compute the total unit

fireout inc. manufactures steel cylinders and nozzles for two models of fire extinguishers 1 a home fire extinguisher

  Journalize the entry to record midlands purchase

Journalize the entry to record Midland's purchase of Shipley Wireless for $320,000 cash plus a $480,000 note payable.

  Unit of the company inventory

Under variable costing, each unit of the company's inventory would be carried at:

  On september 11 2010 home store sells a mower for 400 with

on september 11 2010 home store sells a mower for 400 with a one-year warranty that covers parts. warranty expense is

  What is the net cash provided by investing activities

Largor Company reported a net income of $3,000 for the year ended December 31, 2008. During the year, accounts receivable increased $7,000, merchandise inventory decreased $5,000, accounts payable decreased by $10,000, and depreciation expense of ..

  Discuss what will be the increase in caris monthly gas bill

What will be the increase in Cari's monthly gas bill per heating degree-day using the high-low method

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