Overhead is applied on the basis of direct labor hours

Assignment Help Accounting Basics

Reference no: EM13601867

Overhead is applied on the basis of direct labor hours. Three direct labor hours are required for each product unit. Planned production for the period was set at 8,000 units. Manufacturing overhead for the period is budgeted at $204,000, of which 30% is fixed. The 26,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $220,500.

What is the overhead volume variance? a. $3,900F b. $3,895U c. $3,825F d. $3,955U
What is the spending variance? a. $3,510U b. $3,490F c. $4,190F e.d. $3,410U
What is the volume variance? a.$4,165U b.$4,555F c.$4,175U d.$4,185F

Reference no: EM13601867

Questions Cloud

Selecting a for-profit organization of interest you will : selecting a for-profit organization of interest you will research an unusual or conflicting accounting principle that

Determine the direct labor rate variance and direct labor : provence bicycle company manufactures road bikes. the following data for september of the current year are available

Immediately after the release particle 1 has an : question two particles with identical positive charges and a separation of 2.70 10-2 m are released from rest.

If productive capacity of 100 was 6500 hours and the : the following data relate to factory overhead cost for the production of 4000 computers actual variable factory

Overhead is applied on the basis of direct labor hours : overhead is applied on the basis of direct labor hours. three direct labor hours are required for each product unit.

Due to compressibility of oil the piston retracts 001 inch : the load on a 2 inch diameter hydraulic cylinder increases from 10000lb to 15000lb. due to compressibility of oil the

The standard cost of product b manufactured by tlc company : the standard cost of product b manufactured by tlc company includes 3 units of direct materials at 6.45 per unit.

If the length and diameter are measured at four different : the volume of a cylinder is to be determined from measurements of the diameter and length. if the length and diameter

Vintech company is planning to produce 2400 units of : vintech company is planning to produce 2400 units of product in 2011. each unit requires 4 pounds of materials at 8 per

User Account

All Pages