Find the variable factory overhead controllable variance

Assignment Help Accounting Basics
Reference no: EM132716882

Problem - JoyT Company manufactures Maxi Dolls for sale in toy stores. In planning for this year, JoyT estimated variable factory overhead of $600,000 and fixed factory overhead of $400,000. JoyT uses a standard costing system, and factory overhead is allocated to units produced using standard direct labor hours. The level of activity budgeted for this year was 10,000 direct labor hours, and JoyT used 10,300 actual direct labor hours. Based on the output accomplished during this year, 9,900 standard direct labor hours should have been used. Actual variable factory overhead was $596,000, and actual fixed factory overhead was $410,000 for the year. Based on this information, find the variable factory overhead controllable variance for JoyT for this year?

a. $24,000 unfavorable.

b. $2,000 unfavorable.

c. $4,000 favorable.

d. $22,000 favorable.

Reference no: EM132716882

Questions Cloud

Which impact the rmm for sales and accounts receivable cycle : Identify 2 factors which impact the RMM for sales and accounts receivable cycle. For each factor indicate the relevant account(s)
Compute three liquidity ratios for the two most recent years : Discuss the company's balance sheet and income statement and identify significant assets, liabilities, equity, revenue, and expense accounts.
Which not requirement for support payments to be deductible : Which is not a requirement for support payments to be deductible? the payments must be made for a period of time that the spouses or former spouses are living
What will be the balance in allowance for bad debts : On September 5, we received an $11,400 payment on account. What account would we credit when we journalize this entry? On September 11, we performed $5,750.
Find the variable factory overhead controllable variance : Based on this information, find the variable factory overhead controllable variance for JoyT for this year
What is the total old age claw back which mark will repay : Franklin Stewart has division B income before the claw back. What is the total old age claw back which Mark will have to repay the government for 2020?
Unit 09 Entrepreneurship & Small Business Management : Unit 09 Entrepreneurship & Small Business Management Assignment Help And Solution, Pearson Btec Higher National Diploma In Business - Assessment Writing Service
What are five types of point of purchase displays : What are five types of point of purchase displays? Go to a store and take a picture or download an image from the Internet of five types of point-of-purchase
How much is withdrawn the second time : Roger deposits $150,000 into a money market fund that pays interest at a rate of 1.5% per year. Five years after making the deposit, he withdraws one third.

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