Product that required three standard hours per unit

Assignment Help Financial Accounting
Reference no: EM131205626

Dvorak Company produced 1,000 units of product that required three standard hours per unit. The standard variable overhead cost per unit is $1.40 per hour. The actual variable factory overhead was $4,000. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Reference no: EM131205626

Questions Cloud

Prepare trial balance and income statement : Enter the transactions in appropriate general ledger using T-accounts. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. Do not use a drawing account. Prepare a trial balance. Prepare an income ..
Benefits of operating in china outweighed the costs : a) Describe the philosophical principle Google's managers adopt when deciding that the benefits of operating in China outweighed the costs.
Determine the new price and quantity and the division of tax : Do you think your conclusions would be any different if you used a shadow demand curve instead of a shadow supply curve? Why or why not?
Reasons and advantages of expanding into different nations : Explain fully the advantages of expanding across borders??12. Distinguish in detail the reasons and advantages of expanding into different nations through mergers and acquisitions, as opposed to greenfield investments.??13.
Product that required three standard hours per unit : Dvorak Company produced 1,000 units of product that required three standard hours per unit. The standard variable overhead cost per unit is $1.40 per hour. The actual variable factory overhead was $4,000. Determine the variable factory overhead contr..
Write about refugees on manus island : Write 2 pages about Refugees on Manus Island.- Senate to inquire into Nauru and Manus Island- Australia to close Manus Island refugee detention center.
Current dividend preference means : A current dividend preference means that:
External strategic audit and pestel analysis : Explain how you would conduct an external strategic audit and PESTEL analysis for your firm (or a firm that you are familiar with). As a business leader, explain how you would organize a strategic external information scanning system for your firm..
Prepare the entry to correct the prior period error : While preparing for their year end, Luge Inc. noticed an error from the previous year, they had recorded the $20,000 interest portion of a payment on Notes Payable had not been included in their interest expense. Luge's income tax rate  20%. Prepa..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute contribution margin per machine hour for eachproduct

Compute the contribution margin per machine hour for each product. If 1,000 additional machine hours are available, which product should Billings manufacture?

  Examine policies regarding personnel planning

Personnel Planning; TDABC Recent competitive pressures have caused National Insurance Company to examine policies regarding personnel planning. As a start, the company has decided to experiment with and develop a time-driven ABC model for its claims ..

  What is the operating cash flow in transaction

A company sold PP&E for $200. Prior to the sale, the net book value of the PP&E on the financial statements was $240. Thus the company recorded a loss on sale of equipment of $40 in net income. What is the operating cash flow in this transaction?

  Individual income tax return is mailed

If a calendar year taxpayer’s 2013 individual income tax return is mailed on June 15, 2014, the statute of limitations would normally run out on:

  Edgar a widower is a retired trade executive in 2011 edgar

edgar a widower is a retired trade executive. in 2011 edgar received 200000 in pension payments 30000 in interest from

  Stock dividend of its common stock

Danny Inc. issued a 100% stock dividend of its common stock which had a par value of $.01, and a market value of $123 on declaration date and $62 on payment date. At what amount should retained earnings be capitalized for the additional shares issued

  Record the ending balances from the april

Record the ending balances from the April 30 post closing trial balance into the ledger sheets or alternatively, you may create T-accounts on an Excel spreadsheet.

  Balance sheet for the toy business

Prepare an income statement and a balance sheet for the toy business as at June 30.

  When the stockholders invest cash in the business

When the stockholders invest cash in the business, what is the effect?

  Accounts receivable-land and other operation expenses

List the following by their liquidity: Accounts receivable, Land, Other assts, Other operation expenses, Building & equipment, cash, prepaid expenses, rent expenses, dividends declared, supplies, training expenses, travel expenses, general and admini..

  Ridge tool has on its books the amounts and specific after

ridge tool has on its books the amounts and specific after tax costs shown in the following table for each source of

  Net income for financial statement

Evaluation of owners equity and net income for financial statement -  Show the effect of this entry on current-year net income and the balance in the owners' equity account at year-end

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