Logistics solutions provides order fulfillment services for

Assignment Help Accounting Basics
Reference no: EM13587840

Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours.

In the most recent month, 170,000 items were shipped to customers using 7,100 direct labor-hours. The company incurred a total of $23,430 in variable overhead costs.

According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.35 per direct labor-hour.

1) Find variable overhead rate variance and variable overhead effieciency variance.

Reference no: EM13587840

Questions Cloud

The comparative balance sheets for 2013 and 2012 are given : the comparative balance sheets for 2013 and 2012 are given below for surmise company. net income for 2013 was 58
A statistical process analyst is responsible for assuring : a statistical process analyst is responsible for assuring statistical control. in one process a machine is supposed to
Huron company produces a commercial cleaning compound known : huron company produces a commercial cleaning compound known as zoom. the direct materials and direct labor standards
Which change to this reaction system would cause the : which change to this reaction system would cause the equilibrium to shift to the right?n2 g 3 h2 g 2 nh3 g ?h lt 01
Logistics solutions provides order fulfillment services for : logistics solutions provides order fulfillment services for dot.com merchants. the company maintains warehouses that
True note audio company manufactures two models of speakers : true note audio company manufactures two models of speakers dl and xl. review true notes production and sales data for
What is the variable cost per hour using the high-low : the armer company is accumulating data to be used in preparing its annual profit plan for the coming year. the cost
A researcher collects 00603 mol of an unknown gas by water : a researcher collects .00603 mol of an unknown gas by water displacement at a temperature of 28.8 deg.c and a 0.940 atm
Many companies outsource their payroll operations each : many companies outsource their payroll operations each having its own business reasons for doing so. smaller companies

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