Sucher company uses a standard cost system in which

Assignment Help Accounting Basics

Reference no: EM13483767

Sucher Company uses a standard cost system in which manufacturing overhead costs are applied to units of product on the basis of standard machine-hours. The company's standards are based on variable manufacturing overhead of $3.2 per machine-hour and fixed manufacturing overhead of $306,800 per year. The denominator level of activity is 29,500 machine-hours. Standards call for 2.2 machine-hours per unit of output. Actual activity and manufacturing overhead costs for the year are given below:


Units produced		12,300	units
Machine-hours used		26,750	machine-hours
Overhead costs incurred:
Variable costs	$	86,870
Fixed costs	$	304,800

Required:

a.	What are the standard hours allowed for the output?

Standard hours

machine hours

What was the variable overhead rate variance? (Input the amount as positive value. Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Rate variance

What was the variable overhead efficiency variance? (Input the amount as positive value.Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Efficiency variance

What was the fixed manufacturing overhead budget variance? (Input the amount as positive value.Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Budget variance

What was the fixed manufacturing overhead volume variance? (Input the amount as positive value.Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Volume variance

Reference no: EM13483767

Questions Cloud

However companies are not required to have their bonds : companies pay rating agencies such as moodys and sampp to rate their bonds and the costs can be substantial. however

Hennings travel company specializes in the production of : hennings travel company specializes in the production of travel items clocks personal care kits. the following data

Assume that it is july 1 2010 and you just bought your : assume that it is july 1 2010 and you just bought your dream car a 2011 porsche that cost 83000. you paid 8000 down and

Explain how this leader in your firmcan speculate on the : a leader in your firm has been studying the foreign exchange market for a number of years and believes that she can

Sucher company uses a standard cost system in which : sucher company uses a standard cost system in which manufacturing overhead costs are applied to units of product on the

Salvador inc acquired 30 of the outstanding common stock of : salvador inc. acquired 30 of the outstanding common stock of yangming inc. on december 31 2013 which allows salvador to

If you require an effective annual return of 95 percent on : annuities peter piper wants to sell you an investment contract that pays equal 10000 amounts at the end of each of the

Due to obsolescence security equipment has a useful life of : moreau lock amp key ltd. has a hefty investment in security equipment as reported in the companys balance sheet at

In early july 2011 lifestyle lighting ltd expanded : lifestyle lighting ltd. reported the following on its balance sheet at december 31 2010capital assets at costland

User Account

All Pages