User Account

All Pages

Find standard variable overhead rate per direct labour hour

Assignment Help Managerial Accounting
Reference no: EM132755478

Question - The Upton Company employs a standard costing system in which variable overhead is assigned to production based on direct labour hours. Data for the month of February include the following:

Variable manufacturing overhead cost incurred: $48,700

Total variable overhead variance: $300 F

Standard hours allowed for actual production: 7,000

Actual direct labour hours worked: 6,840

Required - Find the standard variable overhead rate per direct labour hour?

a. $6.91.

b. $6.95.

c. $7.00.

d. $7.12.

Reference no: EM132755478

Questions Cloud

What should be the corresponding interest rate : If the equivalent annual amount of that cash flow is provided to be $7700, what should be the corresponding interest rate
Why earnings growth are not good justifications : Why risk diversification benefits and earnings growth are not good justifications for a takeover intended to increase shareholder wealth?
How much will you sell the land for in ten years : If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years
Calculate bombardier wacc : Calculate Bombardier's WACC. Shin Lee was a recent immigrant to Canada and current undergraduate student at the Telfer School
Find standard variable overhead rate per direct labour hour : Variable manufacturing overhead cost incurred: $48,700. Find the standard variable overhead rate per direct labour hour
Incentive you consider highly motivating : Find an organization with a form of incentive you consider highly motivating. Description of company, industry and incentive plan.
What is the value of a six-month european call option : The risk-free interest rate is 5% per annum with continuous compounding. What is the value of a six-month European call option with a strike price of $72
Determine the annual cash flow net of income tax : The Cap Company is considering the replacement of Machine A. What is the net present value of the investment? Determine the annual cash flow net of income tax.
What rate should you quote : You are a bank and your customer asks you to quote an agreed-upon rate for a 3-month FRA that starts in 3 months. What rate should you quote

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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