User Account

All Pages

What is the fixed overhead volume variance

Assignment Help Financial Accounting
Reference no: EM132878645

H Inc., applies overhead based on direct labour hours. Planned production for the period was set at 8610 units. Manufacturing overhead is budgeted at $110326 for the period (20% of this cost is fixed). The 17009 hours worked during the period resulted in the production of 8054 units. The variable manufacturing overhead cost incurred was $103266 and the fixed manufacturing overhead cost was $27245.

Problem 1: What is the fixed overhead volume variance?

Reference no: EM132878645

Questions Cloud

What do think heavily contributes to the decision : From our discussion reflect and discuss this statement: Cite at least 2 sources "Poor Filipino families cannot afford to be Financially Literate".
Advantages of offering a good employee : What do you think are the advantages of offering a good employee another opportunity in the company that better fits their strengths?
Modern democracies favor parliamentary : Even though most modern democracies favor parliamentary or semi presidential systems over a strong presidential system
What was Forest Glen net income for the current year : If retained earnings at the beginning of the year were $80,000, what was Forest Glen's net income for the current year
What is the fixed overhead volume variance : What is the fixed overhead volume variance? H Inc., applies overhead based on direct labour hours. Planned production for the period was set at 8610 units.
Improve supervisory feedback to employees : You have two training programs: (a) a course designed to teach the use of a PC, and (b) a course to improve supervisory feedback to employees
What will balloon payment be : Kayla is financing $168,125 to purchase a house. She obtained a 25/8 balloon mortgage at 3.85%. What will her balloon payment be?
Describe the specific benefits in the oasdi program : Name and briefly describe the specific benefits in the OASDI program.
What will payments be at beginning of the seventh year : What will their payments be at the beginning of the seventh year assuming they are charged the maximum interest rate for that year?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What amount of loss on impairment of goodwill

A&B Corporation acquired Shoe Corp. on January 1, 2019 for $8,000,000, What amount of loss on impairment of goodwill should Gaylords record in 2019

  Find income statement compared with industry average

For the analysis of financial position, compute McDonough Products' (a) Current ratio and (b) Debt ratio. Compare these ratios with the industry averages. Is McDonough Products' financial position better or worse than the average for the industry?

  Calculate the size of the equal payments

Calculate the size of the equal payments that he deposited at the beginning of every 3 months. orey's retirement fund has an accumulated amount of $60,000.

  What is the firm weighted average cost of capital

What is the firm's weighted average cost of capital if the firm has sufficient retained earnings to fund the equity portion of its capital budget

  Break even point in dollars-contribution margin per unit

George Company has a unit selling price of $250, variable costs per unit of $170, and fixed costs of $140,000. Contribution Margin per Unit. Contribution Margin per Unit

  Determine the total amount of education related tax credit

Interest paid for the year on his student loan was $417. Determine the total amount of education related tax credits that would be available for Mr. Balmer

  Result of past transactions or events

Match the following terms with the appropriate component of the accounting equation:

  What is the current price of the bond for blue lake corp

The current interest rate on this type of bond is 12.90 percent, compounded annually. What is the current price of the bond? Round the answer.

  What ethical issues are involved

Vanessa Jones is the assistant chief accountant at IBT Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. What ethical issues are involved? What are Vanessa's alternatives?

  What is conditional formatting

Do you think that formatting cells is important? Explain why you think formatting cells is, or is not important. Give specific examples.

  How should balances of progress billings and construction

How should the balances of progress Billings and Construction in Progress be shown at reporting dates prior to the completion of a long-term contract?

  What amount of impairment loss is allocated for jyd corp

Before the date of reclassification, the property, plant and equipment. What amount of the impairment loss is allocated to the goodwill?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd