What is the flexible-budget variance

Assignment Help Accounting Basics
Reference no: EM132740851

Question - Christine Corporation manufactures baseball uniforms and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units is 10,000 units; Budgeted machine-hourswas 15,000 hours; Budgeted variable manufacturing overhead costs for 20,000 units is $180,000. Actual output units produced was 9,000 units, Actual machine-hours used was14,000 hours and Actual variable manufacturing overhead costs was $171,000. What is the flexible-budget variance for variable manufacturing overhead?

A. $9,000 favorable

B. $9,000 unfavorable

C. zero

D. None of these answers is correct.

Reference no: EM132740851

Questions Cloud

What is the effectiveness of caterpillar operational : Using supporting research and data, what is the effectiveness of Caterpillar's operational plan for global strategies
What the depreciation : Cutter Enterprises purchased equipment for $102,000 on January 1, 2018. Using the double-declining balance method, what the depreciation for 2019
What would consider when developing a total rewards program : From an overall financial standpoint, businesses can spend a large portion of their gross revenue in employee compensation. The figures vary drastically by.
Compute the projected ending balance of cash on hand : Compute the projected ending balance of cash on hand for January. On January 1, Easton Company had cash on hand of $115,000.
What is the flexible-budget variance : Actual variable manufacturing overhead costs was $171,000. What is the flexible-budget variance for variable manufacturing overhead
Discuss which bond should have the higher yield to maturity : Discuss which bond should have the higher yield to maturity. Bond A: 8% (coupon rate), 5 years (maturity). Bond B: 6% (coupon rate), 8 years (maturity)
Explain caterpillar inc short-term : What are Caterpillar Inc.'s short-term and long-term goals?
Determine accounts and amounts to be debited and credited : Read each of the following transactions for Enterprises Security Systems. Determine the accounts and amounts to be debited and credited
What is the most critical merger or acquisition : What is the most critical merger or acquisition that has contributed to Caterpillar's performance and success in achieving organizational goals?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Make the journal entries to record the collection

On 29 June, Kim Ltd, whose $2,400 account had been written off as uncollectable in June, paid its account in full. Make the journal entries to record collection

  Prepare an income statement for the division using the

assume you work as an accountant in the merchandising division of a large public company that makes and sells athletic

  What is capital budgeting

What is capital budgeting? Why is an investment more attractive to management if it has a shorter payback period

  What is the company total assets turnover

Gardial& Son has an ROA of 12%, a 5% profit margin, and a return on equity equal to 20%. What is the company's total assets turnover? What is the firm's equity.

  Compute the cumulative effect of the retrospective adjustmen

Heller Company began operations in Year 1 and used the LIFO method to compute its $300,000 cost of goods sold for that year. At the beginning of Year 2, Heller changed to the FIFO method.

  Which are true for the corporate form of organization

Capital is more easily accumulated than with most other forms of organization.

  Compute diluted earnings per share

Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020, Compute diluted earnings per share for 2020

  What is selling price of the bonds

What is Selling price of the bonds. Splish Inc. manufactures cycling equipment. Recently, the vice president of operations of the company

  Dobbs company has gathered the information shown below

dobbs company has gathered the information shown below about its product. direct materials each unit of product

  What were the total cost and book value of property

What were the total cost and book value of property, plant, and equipment at September 27, 2014? How Apple accounted for its intangible assets in 2014.

  Discuss mixed costs using high and low method

Mixed Costs Using High/Low Method

  Assuming that it will have no residual value

A Kubota tractor acquired on January 9 at a cost of $75,000 has an estimated useful life of 20 years.

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