Production in the weaving department

Assignment Help Financial Accounting
Reference no: EM131285815

Nanna Plastics Corp Inc. began this month with a budget for 100,000 hours of production in the Weaving Department. The department has a full capacity of 150,000 hours under normal conditions. The budgeted overhead at the planned volumes at the beginning of this month was as follows:

                        Variable Overhead              $1,200,000

                        Fixed Overhead                        750,000

                        Total                                      $1,950,000

The actual factory overhead was $1,985,000 for the month. The actual factory overhead was as budgeted. During the month, the Weaving Department had standard hours at actual production volume of 105,500 hours.

Determine the variable factory overhead controllable variance.

Reference no: EM131285815

Questions Cloud

About with the value chain for accounting : Considering what you have leaned about with the value chain for accounting. Describe the six elements of the value chain and how they can be used to control costs?
Environment issues and solutions : In 100-150 words, In your opinion, should industries and businesses be charged a fee for each unit of hazardous waste that they produce? Explain. Also, would you also apply such a tax or fee to solid or hazardous wastes generated by households? Ex..
What is the firms market value capital structure : What is the firm's market value capital structure? What will the price be in three years? What is the required return on the company's stock? What is the yield to maturity of this bond?
Perform exploratory data analysis on the relevant variables : Perform exploratory data analysis on the relevant variables in the dataset. When possible, include appropriate graphs to help illustrate the dataset.
Production in the weaving department : Nanna Plastics Corp Inc. began this month with a budget for 100,000 hours of production in the Weaving Department. The department has a full capacity of 150,000 hours under normal conditions. Determine the variable factory overhead controllable varia..
Calculate the exergy efficiency of the agricultural sector : Similar to the case study presented in the chapter, try to perform a sectorial energy and exergy analysis of a country or geopolitical region.
Active monetary and fiscal policy : This is for an economics 372 class and has to be original. Select two subjects from the following list of topics and write a 1,050-word analysis:
Who were the god of thunder and his wife : Who was Pablo Picasso? Mention some of his most important works of art.- In Greek mythology, who were the God of Thunder and his wife?
What are the main subsectors of the industrial sector : Taking an example from Turkey, explain the quantitative differences between energy and exergy utilization from primary sources

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the effect of change in the assumed discount rate

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.6% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2002 and is expected to ret..

  Illustrate what amount will the student receive at the time

Under the lease agreement, a security deposit of $500 is required with the deposit to be returned at the expiration of the lease, with 10% interest compounded semiannually. Illustrate what amount will the student receive at the time the lease expi..

  Profit and balance sheet amounts for long-term contracts

(Recognition of Profit and Balance Sheet Amounts for Long-Term Contracts) Harman Construction Company began operations January 1, 2014. During the year, Harman Construction entered into a contract with Kardon Corp. to construct a retail showcase faci..

  Economic order quantity decision model and models used

How can companies reduce the conflict between the Economic Order Quantity (EOQ) decision model and models used for performance evaluation? What are spoilage, rework, and scrap, and how are they accounted for under job order versus process costing sys..

  Additional paid-in capital would be credited

If a firm sells treasury stock for more than it paid for it: total owners' equity would not change. retained earnings would increase. additional paid-in capital would be credited.

  How many units should be produced during the first quarter

Inventory at the beginning of the year was 20,400 units. The finished goods inventory at the end of each quarter is to equal 34% of the next quarter's budgeted unit sales. How many units should be produced during the first quarter?

  Statement of cash flows - prepare the spreadsheet

Prepare the spreadsheet for the 2012 statement of cash flows. Format cash flows from operating activities by the indirect method.

  What action should be taken with respect to supplies budget

Explain what action should be taken with respect to the supplies budget when the actual enrollment is known. Would your answer to part a be any different if the actual enrollment turned out to be 273 students?

  How to improve kowal manufacturing companys internal control

Identify weaknesses in current procedures, and explain the threats that they may allow to occur.

  Question on 1st july 2013 the foster company sold inventory

question on 1st july 2013 the foster company sold inventory to the slate corporation for 300000. terms of the sale

  Provide the mrp tables for all the finished products

Provide the MRP tables for all the finished products and the components for the next six weeks and draw a graph to depict inventory level against time and show on it the quantities found above. Also, what is the maximum inventory level?

  Shares of no-par common stock issued

On January 1, Staff Corporation had 80,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following transactions occurred. Apr. 1 Issued 12,000 additio..

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