What is the variable overhead efficiency variance for month

Assignment Help Accounting Basics
Reference no: EM131873631

Question - The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output 8.0 hours

Standard variable overhead rate $14.40 per hour

The following data pertain to operations for the last month:

Actual hours 2,850 hours

Actual total variable manufacturing overhead cost $41,770

Actual output 200 units

What is the variable overhead efficiency variance for the month?

$18,730 U

$18,000 U

$730 F

$23,040 F

Reference no: EM131873631

Questions Cloud

Considering two mutually exclusive investments : West Coast Chemical Company (WCCC) is considering two mutually exclusive investments. At what rate do the NPV profiles of the two projects cross?
What would be the average fixed inspection cost per unit : What would be the average fixed inspection cost per unit at an activity level of 7,600 machine-hours in a month
Describe the type of cancer you selected : Describe the type of cancer you selected. Describe the diagnosis: symptoms, diagnosis, staging, and prognosis. Discuss causes/risk factors.
Describe the organizational structure of corporation : Describe the organizational structure of ABCO Corporation. Which type of leadership power is Britney using? Do you feel it is effective in this situation?
What is the variable overhead efficiency variance for month : The following standards for variable manufacturing overhead have been established for a company, What is the variable overhead efficiency variance for the month
What are your thoughts on introduction to the text social : What are your thoughts on introduction to the text Social Media and Everyday Politics? What is Highfield's argument?
How do you account for this in a journal entry : A trademark was acquired for $200,000 in 2015 with an estimated useful life of 20 years, How do you account for this in a journal entry
Discuss logical fallacies : Discuss logical fallacies. Where do you see fallacies occurring in our own news media? Why is this significant?
What are ethical and legal responsibilities of the nurse : What are ethical and legal responsibilities of the nurse who believes in home care patient needs to be cared for in a hospital or that a home care patient need.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much property tax revenue oscar will recognize

Calculate how much property tax revenue Oscar will recognize in its governmental fund statements for 2013.

  What is tom agi for 2010

What is Tom's AGI for 2010?

  Budgeted direct-labor costs for june

The direct labor hours are 11,000 and the direct labor rate is $10.50. Budgeted direct-labor costs for June would be:

  Problem regarding the bigger portfolio

The students use computer-generated random numbers to choose 25 stocks each. Use the 68-95-99.7 Rule to de- scribe the sampling distribution model.

  Discuss the company select to maximize operating profits

Which product should the company select to maximize operating profits

  How should the controller respond

How does a customer benefit by our spending $50,000 on a supposedly better accounting system?" How should the controller respond?

  Prepare the budget submission to kevin

Prepare the budget submission to Kevin, Donovan argues that this job should also bear a proportion of administrative costs

  Calculate the restated cash dividend per share for 2009

for several years orbon inc. has followed a policy of paying a cash dividend of 0.58 per share and having a 8 stock

  Determining amount of purchased goodwill

The fair market value of Sky Tech's depreciable assets was $15 million in excess of their book value. For this year, Sky Tech reported a net income of $75 million and delacred and paid $15 million in dividends. What is the amount of purchased good..

  Compute anticipated net income per year

Assume a 60% fl at rate for income taxes. The company receives all revenues and pays all expenses other than depreciation in cash. Use a 14% discount rate.

  Prepare the lower portion of the income statement

Prepare the lower portion of the income statement of the partnership for the year ended December 31

  Concept related to entry to record the impairment

Lynch Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should:

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