Earth company expects to operate at 65 of its productive

Assignment Help Accounting Basics
Reference no: EM13605950

Earth Company expects to operate at 65% of its productive capacity of 46,000 units per month. At this planned level, the company expects to use 23,000 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate based on direct labor hours. At the 65% capacity level, the total budgeted cost includes $36,800 fixed overhead cost and $264,500 variable overhead cost. In the current month, the company incurred $315,000 actual overhead and 29,029 actual labor hours while producing 37,700 units. Compute its total overhead variance.

Reference no: EM13605950

Questions Cloud

The bead is supported by a cable ac determine the force : a bead a weighting 2lb slides on a quarter-circular frictionless bar bc with radius. the bead is supported by a cable
Calculate monthly payment on a mortgage 200000over 10 : calculate monthly payment on a mortgage 200000over 10 years with annual percentage rate 4.8. round your answer. use
If x is a binomial random variable with parameters n and p : 1. if x is a binomial random variable with parameters n and p show that y n?x is also a binomial random variable. what
Determine the initial markup for a designer boutique that : determine the initial markup for a designer boutique that has the following projections for the next season planned
Earth company expects to operate at 65 of its productive : earth company expects to operate at 65 of its productive capacity of 46000 units per month. at this planned level the
Fixed assets are the primary asset of old line : problem 3property plant and equipment 36 pointsbackgroundfixed assets are the primary asset of old line manufacturing
The following frequency distribution presents a set of exam : the following frequency distribution presents a set of exam scores for a class of n 20 students.x f
Chris invested 10000 in a found that pays 8 annual : chris invested 10000 in a found that pays 8 annual interest compounded quarterly 4 times per year. how much will be on
What is the difference in temperature between the inner and : a pot of hot water is boiling on your stove. the pot is in the shape of a round cylinder made of aluminum which is 10

Reviews

Write a Review

Accounting Basics Questions & Answers

  Tally amp co incurred a pretax operating loss of 100000 in

tally amp co. incurred a pretax operating loss of 100000 in its first year of operations for both financial reporting

  Did you think about any problems such as a worker dropping

assume a pizza company has set 5 as the standard cost of ingredients per pizza. the company anticipates selling 1000

  What are some factors that circuit city should consider

Circuit City is considering eliminating one of its stores in a large U.S. city. What are some factors that Circuit City should consider in making this decision?

  Johannes corporation uses a budgeted factory overhead rate

nbspjohannes corporation uses a budgeted factory overhead rate to apply overhead to production. direct labor costs are

  Which one of the following statements concerning the

which one of the following statements concerning the required rate of return on stocks is true?the higher an investors

  Delphins marina is expected to pay an annual dividend of

delphins marina is expected to pay an annual dividend of 0.58 next year. the stock is selling for 8.53 a share and has

  Comment on the practical reality and the academic truth

comment on the practical reality and the academic truth that the cost drivers for this facility are as stated include

  Beavis construction company was the low bidder on a

beavis construction company was the low bidder on a construction project to build an earthen dam for 1800000. the

  In may of this year mary-mark enterprises a business that

in may of this year mary-mark enterprises a business that uses the calendar year as its tax reporting year acquired a

  American-based companies are required to adhere to us gaap

american-based companies are required to adhere to u.s. gaap generally accepted accounting principles however as

  Amount of sales required to break even

George Company sells one product at a price of $20 per unit. Variable expenses are 60 percent of sales, and fixed expenses are $20,000. The amount of sales required to break even is:

  Formulate kleins hedging strategy using only the futures

u.s. government bond portfolio for an institution. she anticipates a small parallel shift in the yield curve and wants

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