What the variable factory overhead efficiency variance

Assignment Help Cost Accounting
Reference no: EM132715901

Megan, Inc. uses the following standard costs per unit for one of its products: Direct labor (2.0 hrs. @ $5.00/hr.) = $10.00; overhead (2.0 hrs. @ $2.50/hr.) = $5.00. The flexible budget for overhead is $192,000 plus $1.00 per direct labor hour (DLH). Actual data for the past month show total overhead costs of $220,000, total fixed overhead of $118,000, 76,000 hours worked, and 34,000 units produced.

Problem 1: What the variable factory overhead efficiency variance for Megan, Inc. for the past month, to the nearest whole dollar, was:

Reference no: EM132715901

Questions Cloud

Give difference between normal costing and actual costing : Give the difference between normal costing and actual costing. Present in TABULAR form. Also, why is normal costing preferred over actual costing?
Analyze asymmetric and symmetric encryption : In the second milestone writing assignment, you will analyze asymmetric and symmetric encryption. Evaluate the differences between the two of them.
How does the greenhouse effect work : How does the greenhouse effect work? Is it beneficial or harmful to humans?
How analysis be affected if the cost of producing raw coal : Make an analysis to show whether it is more profitable for NWCMC to continue selling raw bulk coal or to process it further through sizing and cleaning.
What the variable factory overhead efficiency variance : Megan, Inc., What the variable factory overhead efficiency variance for Megan, Inc. for the past month, to the nearest whole dollar, was:
Determine the amount of budgeted overhead cost : Use direct labor hours as the cost driver to compute the allocation rate. Determine the amount of budgeted overhead cost for each department.
Unit 30 application development assignment : Unit 30 Application Development Assignment Help and Solution, BTEC Higher National Diploma in Computing - Assessment Writing Service
Examples of momentum conservation in daily life : What are some common examples of momentum conservation in your daily life? Explain how you can apply the law of conservation
Calculate the acceleration of the ball : The coefficient of friction between the floor and the ball is 0.18. Draw a free body diagram and calculate the acceleration of the ball.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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