User Account

All Pages

Solve variable moh spending and efficiency variance

Assignment Help Managerial Accounting
Reference no: EM132539999

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output .............. 5.6 hours

Standard variable overhead rate ................ $19.15 per hour

The following data pertain to operations for the last month:

Actual hours ................................................ 5,100 hours

Actual total variable overhead cost ............. $99,195

Actual output ............................................... 1,100 units

Question 1: Calculate the Variable MOH Spending and Efficiency Variance. Explain your answer (Show workings clearly)

Reference no: EM132539999

Questions Cloud

Prepare the statement of cash flows of Fools Paradise Ltd : Purchased a plant asset for $650,000; $237,500 in cash and $412,500 in loan. Prepare the statement of cash flows of Fools Paradise Ltd
What was the total of all costs expensed on operating income : What was the total of all costs expensed on the operating income statements across both years under absorption costing and under variable costing?
What is the amount of accounts payable at June : Credit purchases are paid for in the month following the purchase. Credit purchases in April were $34,000. What is the amount of accounts payable at June
Find Cost of goods sold and Ending inventory : the company sold 4800 sewing machines at $190each. ABC Company follows Perpetual system. Find Cost of goods sold and Ending inventory
Solve variable moh spending and efficiency variance : Calculate the Variable MOH Spending and Efficiency Variance. Explain your answer (Show workings clearly)Actual total variable overhead cost
How much of this interest is deductible : They have modified adjusted gross income of $150,000 for 2019. Cecilia paid $2,700 in student loan interest this year. How much of this interest is deductible
Solve the material price and quantity variance : Calculate the Material Price and Quantity Variance. Explain your answer (Show workings clearly),Standard quantity per unit of output
How much of the state income tax refund : Rebecca and Gregory, a married couple filing a joint return, reported adjusted gross income of $70,000. How much of the state income tax refund
Calculate the labour rate and efficiency variance : Calculate the Labour Rate and Efficiency Variance. Explain your answer (Show workings clearly),Standard labor-hours per unit of output

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd