State the company would have a favourable volume variance

Assignment Help Accounting Basics
Reference no: EM132615032

Selected operating information on three different companies for a recent year is shown below:

Company                                                                     A                        B                          C

Full-capacity MHs                                        15,000               27,000             30,000

Budgeted MHs                                              12,500                  25,000           30,000

Actual MHs                                                   12,500                   26,000         28,000

Standard MHs allowed for actual production           13,000                  23,000           30,000

Denominator activity level for computing the predetermined overhead rate

Required:

Question 1: For each company, state whether the company would have a favourable or unfavourable volume variance. (Select "None" if no volume variance apply for a particular company.)

Reference no: EM132615032

Questions Cloud

Competition model : Justify the fundamental reasons that marketers should closely monitor the actions of rivals in order to proactively address developing issues,
Determine an incremental per share effect for shares : Ivanhoe Corporation had net income of $53,700 for the year ended December 31, 2020, Determine an incremental per share effect for 3% preferred shares
What the company is said to have a : When a limited resource of some type restricts the company's ability to satisfy demand, What the company is said to have a? relevant cost
Make general journal entries for the events : A customer paid your business $10,000 cash on 30/3/2020 to do some work in the future. Make general journal entries for the following events and transactions
State the company would have a favourable volume variance : State whether the company would have a favourable or unfavourable volume variance. (Select "None" if no volume variance apply for a particular company.)
What is the most likely reason for the difference in mean : Jason collects information about annual family income from each student at his college. What is the most likely reason for the difference in mean
What is the mass of 1 mole of copper atoms : A copper atom has a mass of 1.06 x 10^-22 g and a penny has a mass of 2.5 g.
Find which is not a characteristic of the fifo method : Find Which is not a characteristic of the FIFO method? separates beginning work in process inventory from the current period's units and costs
Prepare general journal entries with narrations : Question - Prepare general journal entries with narrations to record the following balance day adjustments as at 30 June 2018.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the required adjustment to the allowance

In 2014 the Golic Co. had net credit sales of $600,000. On January 1, 2014, the Allowance for Doubtful Accounts had a credit balance of $15,000.

  Prepare a short explanation of the nature of inventory fraud

There is considerable information regarding inventory frauds available on the Internet. Search for information about one of the two cases mentioned above.

  Operating approach of gunge ag and guntzel ag

Explain what the ratios reveal with regard to the operating approach of Gunge AG and Guntzel AG. Take into account price competitiveness and customer service level.

  Evaluate legal ethical and cultural implications

In this Application Assignment you review some case studies related to evidence-based practice and search for published research that could guide your decision making. You also evaluate legal, ethical, and cultural implications for your decision.

  Create a stem-and-leaf display

Vineyards. The data set provided contains the data from Exercises 10 and 13. Create a stem-and-leaf display of the sizes of the vineyards in acres. Point out any unusual features of the data that you can see from the stem-and- leaf.

  Prepare a schedule of consolidated net income

Prepare a schedule of consolidated net income and apportionment to non-controlling and controlling interests for 2015

  Determine the liability for gift certificates to be reported

What is the appropriate classification (current or noncurrent) of the liabilities at December 31, 2011? Why?

  How do reflect a placed order for the additional painting

Determine How do you reflect a placed order for the additional painting equipment advertised at $20,000 on the summary of transaction ?

  Prepare general journal entries to the given statements

Summarize the manufacturing costs charged to job no. 321. (Use one compound entry.) Prepare general journal entries to the above statements

  Compute the contribution margin for parts division

Compute the contribution margin for Parts Division, Machines Division, and Global Tronics, Inc. associated with the sale of Part Z35 and Model SC20

  Compute return on investment for the year

For a recent year L'Oreal reported operating profit of €3,110 (in millions) for its Cosmetics division. Total assets were €11,314 at the beginning of the year.

  Determine dollar sales that required to earn a target profit

Using the formula method, determine for the dollar sales that are required to earn a target profit of $8,000

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