What variable overhead spending and efficiency variances are

Assignment Help Managerial Accounting
Reference no: EM132529377

Assume variable overhead was budgeted at $79,800 and fixed overhead was budgeted at $546,000 when 21,000 machine hours were estiamted to be used. Given the following actual data:

Standard machine hours allowed for output attained: 22,000

Actual machine hours worked: 21,000

Variable overhead incurred: $83,600

Fixed overhead incurred: $572,000

Question 1: the variable overhead spending and efficiency variances are: (Do not round intermediate calculations and round your final answer to nearest whole dollar amount.

Reference no: EM132529377

Questions Cloud

Management and execution of your organization strategy : In what ways can you, as a manager, contribute to the management and execution of your organization's strategy?
Report on research paradigm : Demonstrate a critical appreciation of the major steps involved in conducting research, Critically review and evaluate research literature.
Demonstrate the fixed overhead budget variance is : Demonstrate the fixed overhead budget variance is?Standard fixed overhead rate: $13 per hour,Planned level of machine-hour activity: 55,000
How will the gain or loss on the sale be treated : In 2019, Emma Evans sold a piece of equipment from her business for $80,000. How will the gain or loss on the sale be treated
What variable overhead spending and efficiency variances are : The variable overhead spending and efficiency variances are: (Do not round intermediate calculations and round your final answer to nearest whole dollar amount.
What the variable overhead efficiency variance is : What the variable overhead efficiency variance is? Assume fixed overhead was budgeted at $812,000 when 62,000 machine hours were estimated to be used.
Evaluate a company recent actions dealing with uncertainty : Evaluate a company's recent actions (within the last six months) dealing with risk and uncertainty. Offer advice for improving risk management.
What was depreciation expense : The following information is for X Company for 2019: Equipment, January 1 $12,200. What was depreciation expense in 2019
How are emotions dealt with : Is there anything covered in the readings for this week that would help you in the next six months at work? How about tomorrow or next week?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Discuss how a time driven abc cost system can be implemented

Discuss how a time driven ABC cost system can be implemented in the company you researched and the benefits that the use will yield to the business performance.

  Finding optimal price and output levels

Currently the total cost is given by TC = 100 + 10Q +Q^2 for sale shoe manufacturing company. The demand equation is given by P =-5Q +130.

  Prepare a short report for mr banner

Prepare a short report for Mr. Banner to explain the reasons for the negative cash balance at the end of the previous year and other operating problems. To support your points, you may use a statement of cash flows and relevant financial ratios.

  Compute the overhead cost per unit for each product line

Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $250 for Model 145 and $180 for Model 212.

  Prepare gaffney companys quality cost report

Prepare a Quality Cost Report in good form with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs.

  Compute the simple rate of return on the printer

Compute the simple rate of return on the printer. The CFO of The Fun Factory is investigating the possibility of investing in a three-dimensional

  How much operating room overhead would be charged

Bill Harris had a 7-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)

  Assume that the company is reluctant to fire workers

Assume that the company is reluctant to fire workers in the circuit department even if they are not really needed.

  Cobb clinic treats walk-in patients for various illnesses

The Cobb Clinic treats walk-in patients for various illnesses. The management accountant has estimated that the clinic has $5,000 in monthly fixed costs

  Determine the number of units associated supply

Determine the number of units (rounded to the nearest whole unit) Associated Supply would have to sell to generate net operating income of 32%

  Nbspiguana inc manufactures bamboo picture frames that sell

nbspiguana inc. manufactures bamboo picture frames that sell for 22 each. each frame requires 4 linear feet of bamboo

  Which allocations would take place under reciprocal service

Which allocations would likely take place under the reciprocal-services method of cost allocation? Eastside Hospital has two service departments

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