Fixed overhead volume variances

Assignment Help Accounting Basics
Reference no: EM13128314

The fixed overhead volume variances is due to:

a. inefficient of efficient use of whatever the denominator activity is.

b. inefficient or efficient use of overhead resources.

c. a difference between the denominator activity and the standard hours allowed for the actual output of the period.

d. a shift in the amount of hours required to produce the actual output.

Reference no: EM13128314

Questions Cloud

Compute estimated cost of work using average professional : LaPlatt & Associates is bidding on tax and audit service for a potential client that are expected to require 100 hours of professional service time. Compute the estimated cost of the work using average professional wage rates and basing indirect c..
Is the intervention plan helpful in increasing grades : The same students increased their scores on a retest to: 85,79,75,95, and 84. At the 0.05 significance level, is the intervention plan helpful in increasing grades?
Determine the moles of acid neutralized : Al(OH)3 + 3HCl ---> AlCl3 + 3H2O Determine the moles of acid neutralized if a tablet contains 0.200 mol Al(OH)3
Define what complementary functional group would need : What complementary functional group would need to be present in the neuraminidase active site for (a) hydrogen bonding and (b) ionic interactions to oseltamivir to be observed?
Fixed overhead volume variances : The fixed overhead volume variances is due to:
What is the normal due date for the tax return : What is the normal due date for the tax return of calendar-year taxpayers? What happens to the due date if it falls on a Saturday, Sunday, or holiday?
Are the data consistent with the model : Iindependently of one another. Two hundred seeds of such a cross are raised, and 142 turn out to be blue-flowering. Are the data consistent with the model?
Calculate annual depreciation for the first and second years : The truck is expected to have a salvage value of $4,000 at the end of its 5-year useful life. Calculate annual depreciation for the first and second years using the straight-line method.
Compute the amount of phantom profit : Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the breakeven point for each option

The fixed costs directly associated with Springfield's nursing division were estimated to be $9,000 a month for rent and other expenses. The variable costs of supplies (measured on a per-visit basis) were expected to be $30. Mr. Hoover believed th..

  Effect of business transaction on accounting equation

For each of the following items, give an example of a business transaction that has the described effect on the accounting equation:

  Accounting cycle for merchandising company

Determine whether or not the measurement of net income for a merchandising company conceptually is the same for a service company.

  Allocating partnership income

During its first year, the firm earned 249,000. Prepare the entry to close the firms income summary accounts as of its December 31 year end and to allocate the 249,000 net income to partners under each of the following separate assumptions:

  Purchase method for consolidation entries

Pacific has the following account balances as of Feb 1. Western pays $2,020,000 in cash. An additional $20,000 is paid in direct combination costs. For each of the following accounts, determine what balance will be included in a Feb 1 consolidatio..

  Computing loss of impairment

Donald Corporation owns machinery with a book value of $670,000. It is estimated that the machinery will generate future cash flows of $560,000.

  What amount of the refund

What amount of the refund, if any, should Grace include in her gross income if last year her total itemized deductions exceeded the standard deduction by $350?

  Margin of safety as a percentage of sales

Knell Corporation sells a product for $230 per unit. The product's current sales are 33,000 units and its break-even sales are 26,400 units. The margin of safety as a percentage of sales is closest to:

  Cash distributions from parakeet

Stacey and Andrew each own one-half of the stock in Parakeet Corporation, a calendar year taxpayer. Cash distributions from Parakeet are: $350,000 to Stacey on April 1 and $150,000 to Andrew on May 1.

  Managing product-harm crisis

Define a product-harm crisis. Identify the factors that contribute to a product-harm crisis. Compare and contrast the findings of the various studies on product-harm crisis.

  Complete investigation on the jit and eoq models

Complete additional investigation on the JIT and EOQ models. Discuss which of the two inventory models is better and why: Economic Order Quantity or Just-in-Time?

  Mca computing least squares regression estimates

Draw a scatter diagram of the airport costs. Compute the least spuares regression estimates of the variable and fixed cost components in the airport cost behavior pattern.

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