User Account

All Pages

What is the variable overhead cost variance

Assignment Help Managerial Accounting
Reference no: EM132571487

Austin Company allocates manufacturing overhead based on machine hours. Each chair produced should require 4 machine hours. Standard variable cost per machine hour is $5.40.

During January, Austin Company actually used 2,100 machine hours to make 510 chairs. The company spent $11,130 in variable manufacturing overhead costs and $9,100 in fixed manufacturing overhead costs.

Question 1: What is the variable overhead cost variance?

Reference no: EM132571487

Questions Cloud

Implications of different payout levels for gainesboro : What are the implications of different payout levels for Gainesboro's capital structure and unused debt capacity?
World of global based environmental issues : Do you think that traditional environmental organizations are ineffective in today's world of global based environmental issues
How much should reported as accumulated net unrealized gain : How much should be reported as accumulated net unrealized gain or loss- OCI in equity as of December 31, 2017
Why do managers allocate overhead costs to products : How do cost flows using activity-based costing differ from cost flows using one plantwide rate? Why do managers allocate overhead costs to products?
What is the variable overhead cost variance : What is the variable overhead cost variance? During January, Austin Company actually used 2,100 machine hours to make 510 chairs.
Calculate the depreciation expense for the third year : Murrays Ltd. purchased a new bus for $200,000. Calculate the depreciation expense for the 3rd year for each of the methods below. Show your solutions
Locate the vision statement of an organization : Locate the vision statement of an organization of your choice and explain the vision statement's importance.
What is the present value of the investment cash outflows : What is the Present Value of the Investment's Cash Outflows? What is the Present Value of the Investment's Cash Inflows? What is the Payback Period
What is an example of a noble cause : What is an example of a noble cause the plant manager of a division that manufactures oilfield equipment might use to motivate workers?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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