Discuss the standard variable overhead rate per direct labor

Assignment Help Accounting Basics
Reference no: EM131755720

Lee Manufacturing uses a standard cost system with overhead applied based on direct labor hours. The manufacturing budget for the production of 7,000 units for the month of June included 12,500 hours of direct labor at $17.00 per hour, or $212,500. During June, 6,400 units were produced, using 12,500 direct labor hours, incurring $52,000 of variable overhead, and showing a variable overhead efficiency variance of $4,200 unfavorable. What was the standard variable overhead rate per direct labor hour?

Reference no: EM131755720

Questions Cloud

Conduct the life cycle assessment for ceramic bowl : Conduct the life cycle assessment for ceramic bowl and plastic bowl. Students are expected to finalise this part with screenshots
How incomplete penetrance can affect severity of a disease : Discuss how incomplete penetrance, variable expressivity, pleiotropy, and genetic heterogeneity can affect the severity of a disease in a family.
What is the loss that klein should record : What is the loss that Klein should record on the early retirement of the bonds, Ignore taxes
Dimensions of cultural intelligence : What dimensions of cultural intelligence do you consider to be essential to leadership and why?
Discuss the standard variable overhead rate per direct labor : showing a variable overhead efficiency variance of $4,200 unfavorable. What was the standard variable overhead rate per direct labor hour
How can leaders develop cultural intelligence : How can leaders develop cultural intelligence to lead and manage more effectively across boundaries?
Strategic and tactical transportation decisions : From Supply Chain Logistics Management, Bowersox, Closs, Cooper, & Bowersox, p. 341:
Identify and discuss the various accounting fraud : identify and discuss the various accounting fraud that occurred at ZZZ Best Company
Financial statements of a publicly held entity : A CPA who is associated with the financial statements of a publicly held entity, but has not audited or reviewed such statements, should.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd