User Account

All Pages

Discuss manufacturing overhead rate variance last year

Assignment Help Accounting Basics
Reference no: EM131752550

The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead costs on the basis of machine hours. Chilton budgeted .5 machine hours per lamp and allocates overhead at a rate of $1.80 per machine hour. Last year Chilton manufactured 23,000 lamps, used 13,800 machine hours and incurred actual overhead costs of $15,180. What was Chilton's variable manufacturing overhead rate variance last year?

A. $4,140 favorable
B. $9,660 favorable
C. $4,140 unfavorable
D. $9,660 unfavorable

Reference no: EM131752550

Questions Cloud

What do you think is george bush desired conclusion : From the company's view point, what is the best conclusion? What do you think is George Bush's desired conclusion? Make sure to include computations of income
Indicate direction of the effect that capitalizing the lease : Analyzing, Interpreting and Capitalizing Operating Leases The Abercrombie & Fitch 10-K report contains the following footnote relating to leasing activities.
Explain why the article caught your attention : Summarize the article in one (1) or more paragraphs, using your own words. Be sure to identify the article using an in-text citation in the body of the paper.
Indicate direction of the effect that capitalizing the lease : Analyzing, Interpreting and Capitalizing Operating Leases The Abercrombie & Fitch 10-K report contains the following footnote relating to leasing activities.
Discuss manufacturing overhead rate variance last year : What was Chilton's variable manufacturing overhead rate variance last year
Describe the law of conservation of mass : Describe the law of conservation of mass. How do you know if a chemical equation is in accord with this law?
Determine the overhead cost per unit for each product : Danton Company manufactures two products, Product F and Product G. Determine the overhead cost per unit for each product
Compute the ending inventory : Compute the ending inventory, assuming that (a) gross profit is 48% of sales, (b) gross profit is 60% of cost
Would the increased fixed selling expenses be justified : Andretti Company has a single product called a Dak. The company normally produces and sells 88,000 Daks each year at a selling price of $44 per unit.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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