What is the variable overhead efficiency variance for month

Assignment Help Managerial Accounting
Reference no: EM132747020

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

Standard quantity per unit of output 1.6 hours

Standard variable overhead rate $11.55 per hour

The following data pertain to operations for the last month:

Actual hours 4,900 hours

Actual total variable overhead cost $58,310

Actual output 3,000 units

Required - What is the variable overhead efficiency variance for the month?

a. -$1,155 U.

b. -$1,190 U.

c -$1,190 F.

d. -$1,680 U.

Reference no: EM132747020

Questions Cloud

What the estimated direct labor-hours at beginning of year : What the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been ____________ direct labor hours
Define cryptographic hash function : Every developer is focused on transmitting data securely. Define cryptographic hash function (CHF).
Calculate the beginning finished goods inventory : Calculate the beginning finished goods inventory. Ending finished goods inventory 5,000. Cost of goods manufactured 16,000. Sales P40,000
What makes your answer more than just opinion : Freedom of speech, freedom of expression, and freedom of association are all values that we as Americans hold dear. Yet, we sometimes encounter ethical.
What is the variable overhead efficiency variance for month : The following data pertain to operations for the last month: Actual hours 4,900 hours. What is the variable overhead efficiency variance for month
Find the maximum and minimum key in the tree : Another important property of a binary search tree is being able to easily find the maximum and minimum key in the tree.
What the predetermined overhead rate for the year to p : What the predetermined overhead rate for the year must have been closest to P?Luke Corporation uses direct labor-hours in its predetermined overhead rate.
Specific evidence of particular crime : It is sometimes said that information extracted from a router or switch does not necessarily provide specific evidence of a particular crime.
Find what optimum order quantity in units for squash racquet : Annual demand for squash racquets is 50,000 units, what The optimum order quantity in units for squash racquets is (rounded to the nearest unit) would be

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!

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