The standard factory overhead rate is 750 per machine hour

Assignment Help Accounting Basics
Reference no: EM13573095

The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhad and $1.30 for fixed overhead) based on 100% capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows:What is the amount of the factory overhead controllable variance?

Reference no: EM13573095

Questions Cloud

A three-month treasury bill and a six-month bill both sell : 1. a three-month treasury bill and a six-month bill both sell at a discount of 10. which offers the higher annual
By creating awareness of oppression and arousing sympathy : by creating awareness of oppression and arousing sympathy of supporters the arts can be a form of protest. identify and
If the company pursues the investment opportunity and : westerville company reported the following results from last years
Equal payments will be made over a 3 year period the first : you have borrowed 25000.00 at an interest rate of 16. equal payments will be made over a 3 year period. the first
The standard factory overhead rate is 750 per machine hour : the standard factory overhead rate is 7.50 per machine hour 6.20 for variable factory overhad and 1.30 for fixed
Mozart was considered a child prodigy performing throughout : mozart was considered a child prodigy performing throughout europe. cite your view on the notion of the child star and
There are no universally accepted definitions of financial : there are no universally accepted definitions of financial ratios but five of the following ratios are clearly
Prior to the year-end adjustment to record bad debt expense : prior to the year-end adjustment to record bad debt expense for 2014 the general ledger of stickler company included
Your company can lease a truck for 10000 a year paid at the : 1. your company can lease a truck for 10000 a year paid at the end of the year for six years or it can buy the truck

Reviews

Write a Review

Accounting Basics Questions & Answers

  Internal controls of the organization

Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important? How will the auditor have to modify the audit program if the internal controls are deemed ina..

  Prepare an entry

White Corp. Transfers securities from one category to another. The cost of the securities is $20,000; the fair market value is $22,000. Prepare an entry if

  Proper balance sheet presentation

Determine the proper balance sheet presentation and amounts for the above items.

  Prepare an income statement for the year 2011

The CPA firm you are working for has just taken on a new client. The firm has just learned that the new client will soon be on the cover of a well-known magazine, the firm is very concerned the work they produce is outstanding in every aspect. Tha..

  The valentine company has decided to buy a machine costing

the valentine company has decided to buy a machine costing 31434. estimated cash savings from using the new machine

  Discuss interest rate parity by describing the process

Discuss interest rate parity by describing the process initiated by arbitrageurs when it is violated - that is, what is involved in restoring equilibrium?

  What are the key management assertions related to cash

What are the key management assertions related to cash? What are the most important assertions related cash? How will auditors test these assertions?

  Ku inc operates a store featuring school merchandise it

ku inc. operates a store featuring school merchandise. it uses an eoq decision model to make inventory decisions. it is

  Accounting multiple choice questions

Suppose that the total cost for your current year in college equals $20,000. Approximately how much would your parents have required to invest twentyone years ago in an account paying 8 percent compounded annually to cover this amount?

  Assets used in a trade or business

Raymond provides the following information related to assets used in a trade or business which have been sold in 2011. All assets have been held for over one year.

  Best estimate of company net operating income

If the company's sales for a month are $708,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

  How much will net operating income increase by

If one more unit is sold, how much will net operating income increase by?

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