What is weetons variable overhead spending variance

Assignment Help Accounting Basics

Reference no: EM13136291

Managers of Weeton Manufacturing are analyzing variable overhead variances for the fiscal period just ended. The flexible budget called for $80,000 in variable overhead but actual variable overhead was $95,000. In computing the overhead variances, Weeton's management discovered that it had used 3,800 hours of direct labor, rather than the budgeted (Hours of direct labor is the single overhead driver of variable overhead). The standard variable overhead rate per hour of direct labor is $20.00. What is Weetons's variable overhead spending variance?

Reference no: EM13136291

Questions Cloud

Observation made by vincent ostrom : Describe what is meant by the observation made by Vincent Ostrom, Indiana University professor (and husband of 2010 Nobel Prize co-winner in Economics, Elinor Ostrom):

Explain unusual for a return with income more to be audited : Would it be unusual for a return with income of $100,000 or more to be audited? What is the probability that two randomly selected returns with income of $100,000 or more will not be audited?

What was oaks edge sales price variance : Ridge Point Company's budgeted sales were 22,500 units at $76 per unit. Actual sales were 21,750 units at $79 per unit. What was Oaks Edge sales price variance?

Calculate the % mass of the mineral in the sample : .4550 g of rock containing douglasite is treated by AgNO3. it took 37.20 ml of 0.1000 M AgNO3 to precipitate all Cl- as AgCl. Calculate the % mass of the mineral in the sample

What is weetons variable overhead spending variance : Managers of Weeton Manufacturing are analyzing variable overhead variances for the fiscal period just ended. The flexible budget called for $80,000 in variable overhead but actual variable overhead was $95,000.

Discuss total quality management : Briefly discuss total quality management and link to clinical governance - this discussion could be included in the introduction rather than here. This is not a lengthy discussion.

Radical individualism-stem cell research : With regards to stem cell research and radical individualism, would you argue that radical individuals would support stem cell research or not?

Calculate the energy in joules : calculate the energy in joules and calories. required to heat 5.25g of water, from 55 C to 64.8 C

Role of voting and population trend : Discuss the role of voting and the population trend. Mention some modern requirements keeping voters from the polls, and discuss why some potential voters choose not to.

User Account

All Pages