Evaluate of variable-overhead spending variance and the

Assignment Help Financial Accounting

Reference no: EM13355701

Evaluate of Variable-overhead spending variance and the variable-overhead efficiency variance

Gantt Textiles Inc. incurred actual variable overhead expenses of $50,000 in the current year for the production of 6,000 units. Variable overhead was applied at a rate of $3.25 per direct labor hour, and 2 direct labor hours were budgeted for each unit. The company used 16,000 direct labor hours for production. Compute the variable-overhead spending variance and the variable-overhead efficiency variance. Indicate whether each variance is favorable (F) or unfavorable (U).

Reference no: EM13355701

Questions Cloud

Descriptive question in relation to state how transaction : descriptive question in relation to state how transaction to be reported on the statement of cash flows.your company

Calculation of target cost to maintain a target profit : calculation of target cost to maintain a target profit rate.a manufacturer is developing a new type of vacuum cleaner

Analysis of financial statements in terms of ratios whether : analysis of financial statements in terms of ratios whether positive or negative.the accounts receivable turnover ratio

Evaluate of variable-overhead spending variance and the : evaluate of variable-overhead spending variance and the variable-overhead efficiency variancegantt textiles inc.

Identifying which variable is believed to be the best : identifying which variable is believed to be the best selection for a cost driver and how such cost driver is

Calculation of firms dollar growth in dollars and analyse : calculation of firms dollar growth in dollars and analyse how the growth financed.1.middleton clinic had total assets

Evaluate of dividend per share net dividend per share and : evaluate of dividend per share net dividend per share and retention ratio.anbspa for-profit hospital earns a gross

Preparation of the balance sheet from the given : preparation of the balance sheet from the given transactions.the following events occurred at handsome hounds grooming

User Account

All Pages