The milling department uses standard machine hours to

Reference no: EM13595713

The Milling Department uses standard machine hours to allocate overhead to products. Budgeted volume for the year was 36,000 machine hours. A flexible budget is used to set the overhead rate. Fixed overhead is budgeted to be $720,000 and variable overhead is estimated to be $10 per machine hour.

During the year, two products are milled. The following table summarizes operations.

Product 1 Product 2
- Units milled 10,500 12,000
- Standard machine per unit 2 1
- Actual machine hours used 23,000 13,000
Actual overhead during the year was $1.1 million.

Calculate all the relevant overhead variances for the department, and write a memo that describes what each one means.

Reference no: EM13595713

Questions Cloud

The mechanism for the reaction of nitrogen dioxide with : the mechanism for the reaction of nitrogen dioxide with carbon monoxide to form nitric oxide and carbon dioxide is

If a second sample of chloroform is found to contain 286 g : a sample of chloroform is found to contain 12.4 g of carbon 109.9 g of chlorine and 1.04 g of hydrogen. if a second

Asaki company accumulates the following data concerning a : asaki company accumulates the following data concerning a proposed capital investment cash cost 220000 net annual cash

Calculate the wavelength of the emitted photon when an : question calculate the wavelength of the emitted photon when an electron drops between the n 4 and n 3 energy levels

The milling department uses standard machine hours to : the milling department uses standard machine hours to allocate overhead to products. budgeted volume for the year was

You need to prepare 1000 ml of a ph400 buffer solution : you need to prepare 100.0 ml of a ph4.00 buffer solution using 0.100 m benzoic acid pka 4.20 and 0.140 m sodium

Orasco company is considering purchasing new equipment for : orasco company is considering purchasing new equipment for 450000. it is expected that the equipment will produce net

Sulfuryl chloride so2cl2 decomposes when : sulfuryl chloride so2cl2 decomposes when heatedso2cl2g ? so2g cl2gin an experiment the initial concentration of

Question he and o2 gases are mixed a 40l he cylinder with : question he and o2 gases are mixed. a 40l he cylinder with 10atm pressure is connected to a 10 l o2 cylinder with

User Account

All Pages