User Account

All Pages

What is the variable overhead rate variance

Assignment Help Managerial Accounting
Reference no: EM133172162

Question - Assume the following:

The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour.

The standard labor-hours allowed per unit of finished goods is 3 hours.

The actual quantity of labor hours worked during the period was 43,950 hours.

The total actual variable manufacturing overhead cost for the period was $63,000.

The company produced 15,000 units of finished goods during the period.

Required - What is the variable overhead rate variance?

Reference no: EM133172162

Questions Cloud

What is the beta and the expected return of portfolio : What is the Beta and the expected return of the portfolio?
Assignment on business ethics : 1. Present an argument for and against combining both roles - be sure to consider fiduciary duties, stakeholders, and ethics.
What is the financial advantage of accepting special order : What is the financial advantage (disadvantage) of accepting the special order from the wedding party? Should the company accept the special order
Calculate the mps for country : Suppose Canada has MPC of .8 and the United States has MPC of .5 and both plan to spend $4 Billion for the year.
What is the variable overhead rate variance : The total actual variable manufacturing overhead cost for the period was $63,000. What is the variable overhead rate variance
Are investors owners of a company : Is the communication plan with an organization modified once implemented, or does it remain consistent year after year?
Review process contributes to publication : Do you think the peer review process contributes to publication bias OR prevents publication bias? Explain your reasoning for why you think so.
Compute her total cost for this job : Alvin has been asked to groom 3 large dogs. He expects this job to require a total of 15 direct labor grooming hours. Compute her total cost for this job
Explain summary of data and references : Justify your interpretation based on summary of data and references. Recommend how you intend to use the data for making decisions for HIM managers and coding s

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