Simon enterprises applies variable overhead at a rate of

Reference no: EM13482688

Simon Enterprises applies variable overhead at a rate of $1.50 per direct labor hour and fixed overhead at a rate of $1.75 per direct labor hour. The company budgets two direct labor hours for each of the 5,900 units that are scheduled for production. Last year, Simon incurred actual variable overhead totaling $18,750, and actual fixed overhead totaling $21,500, for the production of 6,000 units. In addition, 11,800 direct labor hours were actually incurred.

A. Calculate the fixed overhead volume variance.

B. Calculate the fixed overhead spending variance. Favorable/unfavorable

Reference no: EM13482688

Questions Cloud

If direct materials for one unit of product are 2700 : if direct materials for one unit of product are 27.00 direct labor for one hour is 18.00 manufacturing overhead costs

Interest is paid on july 1 and january 1 and bonds mature : on april 1 2010 fin co. purchased 160000 of 6 bonds for166300 plus accrued interest as an available-for-sale security.

How much cash does apple computer co have if the firm has : how much cash does apple computer co. have if the firm has a current ratio of 2.5 a quick ratio of 1.2 and current

At the close of its first year of operations december 31 : at the close of its first year of operations december 31 2014 madeline company had accounts receivable of 1100000 after

Simon enterprises applies variable overhead at a rate of : simon enterprises applies variable overhead at a rate of 1.50 per direct labor hour and fixed overhead at a rate of

The amounts withheld for fica tax were as follows 6622 for : martin albert married filing jointly with two dependent children now living in virginia received 115000 in salary in

Explain how the company should present this difference in : q1. when a company exchanges a note for property goods or services what value does it place on the notea. if it bears

Was the equity security classified asavailable-for-sale and : on december 31 2011 munch co. sold an equity security that had been purchased on january 4 2010. munch owned no other

In january 2007 the average price of an asset was 27558 5 : in january 2007 the average price of an asset was 27558. 5 years earlier the average price was 21408. what was the

User Account

All Pages