Find the variable factory overhead controllable variance

Assignment Help Managerial Accounting
Reference no: EM132766318

Problem - Ramathan Company produced 6,000 units of Product Y, which is 80% of capacity. Each unit required 0.25 standard machine hour for production. The standard variable factory overhead rate is $5 per machine hour. The actual variable factory overhead incurred during the period was $8,000. Find the variable factory overhead controllable variance?

a. $500 favorable.

b. $500 unfavorable.

c. $1,875 favorable.

d. $1,875 unfavorable.

Reference no: EM132766318

Questions Cloud

What is the direct materials price variance : If 4,000 units required 8,200 gallons, which were purchased at $19.75 per gallon, what is the direct materials price variance
Length of cash conversion cycle : Bramble Company's average age of accounts receivable is 50 days, the average age of accounts payable is 49 days, and the average age of inventory
Find the fixed factory overhead volume variance : The standard fixed factory overhead is $12 per hour, determined at normal capacity. Find the fixed factory overhead volume variance
Describe the aspects of gang denial : How does gang activity among local street gangs differ from that of nation gangs? Describe the aspects of "gang denial." Give an example.
Find the variable factory overhead controllable variance : The actual variable factory overhead incurred during the period was $8,000. Find the variable factory overhead controllable variance
Discuss a prominent environmental employed by a company : Discuss a prominent environmental or sustainability practice employed by a company that you believe has been forward thinking and successful in their efforts.
Finding leads with good communication skills : Discuss why communication skills are important to organizational success and why recruiters focus so much on finding leads with good communication skills.
Compute the direct labor time variance : The standard labor rate is $12 per hour. Actual direct labor for the period was $22,000 (2,200 hrs. × $10 per hr.). Compute the direct labor time variance
Describe the medium you would use to deliver the survey : Create a 10-item, open-ended question survey that you could use to determine the needs for a well-being program for the staff.

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!

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