Find which is the variable overhead spending variance

Assignment Help Accounting Basics
Reference no: EM132676011

Problem 1: During the year, Factory A actually produced 10,000 units, used 20,000 direct labour hours and incurred variable overhead of $90,000. The budgeted variable overhead for the year was $88,000 and the standard variable overhead rate is $4.00 per direct labour hour. Which one of the following is the variable overhead spending variance?

Select one:

a. $4,000 unfavourable
b. $6,000 unfavourable
c. $2,000 unfavourable
d. $10,000 unfavourable

Reference no: EM132676011

Questions Cloud

Compute what is a key benefit of artificial neural networks : Compute What is a key benefit of artificial neural networks? Neural networks can train themselves to understand inputs and recognize those inputs
Differentiate between groups with low levels of cohesion : Differentiate between groups with low levels of cohesion and groups with high levels of cohesion?
Life experience and values : In article "Managing Oneself," author Peter F. Drucker states that "What one does well - even very well and successfully - may not fit with one's value system
What is formal and lnformal leadership : 1. Please explain what is formal and lnformal leadership? 2. What is leadership theory?
Find which is the variable overhead spending variance : During the year, Factory A actually produced 10,000 units, used 20,000 direct labour hours. Which one is the variable overhead spending variance?
Explain implications of importing labor-intensive goods : Evaluate and explain the implications of importing labor-intensive goods and exporting capital-intensive goods. If there are negative effects of this process
Prepare all necessary journal entries for both situations : Prepare all necessary journal entries in 2020 for both situations. Cheyenne Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion
Evaluate the history of cryptography : Evaluate the history of cryptography from its origins. Analyze how cryptography was used and describe how it grew within history.
Prepare the journal entry to record sale of the colorado co : On December 21, 2020, Whispering Company, Prepare the journal entry to record the sale of the Colorado Co. stock during 2021.

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