What is the fixed overhead production-volume variance

Assignment Help Accounting Basics
Reference no: EM132737015

Question - Gus Corporation manufactured 10,000 golf bags during April. The fixed overhead cost-allocation rate is $40.00 per machine-hour. The following fixed overhead data pertain to March: Actually incurred Production of 10,000 units, Actual Machine-hours of 5,100 hours and Actual Fixed overhead cost for March of $244,000. Static Budgets was Production of 12,000 units, Machine-hours of 6,000 hours and Fixed overhead cost for March of $240,000. What is the fixed overhead production-volume variance?

A. $4,000 unfavorable

B. $36,000 favorable

C. $40,000 unfavorable

D. $44,000 unfavorable

Reference no: EM132737015

Questions Cloud

What strategies and tactics were effective : What strategies and tactics were effective or ineffective in creating positive organizational change? What strategies and tactics would have worked better?
Benefits can be gained from using private information : What other benefits can be gained from using private information before others have access to that same information?
Prepare a classified balance sheet : Interest of P500 on the notes payable has accrued during August. Prepare a classified balance sheet assuming P35,000 of the notes payable are long-term
Global and online marketing strategy presentation : What values or patterns of values are relevant to purchase and use of the product/service?
What is the fixed overhead production-volume variance : Machine-hours of 6,000 hours and Fixed overhead cost for March of $240,000. What is the fixed overhead production-volume variance
What are most proud of concerning efforts : What are you most proud of concerning your efforts? Where might you have done things better or differently? What will be your key "take aways"?
Contribution of employees attaining organizational goals : The primary function of HRM is to increase the effectiveness and contribution of employees attaining organizational goals and objectives.
What is the weighted-average interest rate : Blossom Company borrowed $1,115,400 on March 1 on a 5-year, 13% note to help finance construction of the building. What is the Weighted-average interest rate
Deming philosophy and deming : Appraise how the Deming philosophy and Deming's 14 points may apply to the product or service selected.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Inventory loss from market decline

An inventory loss from market decline of $900,000 occurred in April 2011. CD Company recorded this loss in April 2011 after its March 31, 2011, quarterly report was issued. None of this loss was recovered by the end of the year. How should this lo..

  A company is considering the purchase of new equipment for

a company is considering the purchase of new equipment for 63000. the projected after-tax net income is 3600 after

  Sold stock received as an inheritance from pamelas mother

sold stock received as an inheritance from pamelas mother for 35000. pamelas mother purchased the stock 10 years ago

  What particular elements of each organization culture

What particular elements of each organization's culture, processes, and management systems and styles work well to support innovation

  Explain how an embedded audit module works

Discuss why auditors should be familiar with the principle of data normalization and if auditors should be required to specialize in IT. Justify your answer.

  On december 31 2003 the merchant bank enters into a debt

on december 31 2003 the merchant bank enters into a debt restructuring agreement with shrek company which is now

  A company sells computers at a selling price of 1800 each

a company sells computers at a selling price of 1800 each. each computer has a 2 year warranty that covers replacement

  Prepare the correcting entries at may

Problem - Correcting Entries - Prepare the correcting entries at May 31 assuming the incorrect entry is not reversed

  What is the net income-dividends

What is net income assuming $50,000 of stock was issued, and $25,000 of dividends were paid?

  You must evaluate a proposed spectrometer for the rampd

you must evaluate a proposed spectrometer for the rampd department. the base price is 240000 and it would cost another

  Calculate the predetermined overhead rate

Housholder Corporation uses predetermined overhead rate base on machine-hours that recalculates at beginning of each year. Calculate predetermined overhead rate

  Calculate the debt-to-asset ratio

Mr. Joseph has identified five different companies in which he is interested in investing, Calculate the debt-to-asset ratio

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