User Account

All Pages

What was the budgeted fixed factory overhead cost

Assignment Help Managerial Accounting
Reference no: EM132587091

The Claus Company makes and sells a single product and uses standard costing. During January, the company actually used 8,700 direct labour hours (DLHs) and produced 3,000 units of product.

The standard cost card for one unit of product includes the following:

Variable Factory Overhead: 3.0 DLHs @ $4.00 per DLH.

Fixed Factory Overhead: 3.0 DLHs. @ $3.50 per DLH.

For January, the company incurred $22,000 of actual fixed overhead costs and recorded an $875 favourable volume variance.

Question 1: What was the budgeted fixed factory overhead cost for January?

Reference no: EM132587091

Questions Cloud

What is the variable overhead efficiency variance for month : What is the variable overhead efficiency variance for the month?A manufacturing company that has only one product has established the standards
Digital investigations and forensics analysis : You have been hired to perform digital investigations and forensics analysis for a company. Y
Determine the net present value in favor of purchasing : Using the incremental-cost approach, determine the net present value in favor of (or against) purchasing the new water softener?
Bitcoin and business-introduced overview of blockchain : Introduced an overview of blockchain and its impact on business. What impact could implementing a blockchain solution at your organization have?
What was the budgeted fixed factory overhead cost : What was the budgeted fixed factory overhead cost for January?The Claus Company makes and sells a single product and uses standard costing.
Determine what was the fixed overhead volume variance : Determine What was the fixed overhead volume variance? Jessep Corporation has a standard cost system in which manufacturing overhead is applied to units
Estimate the proportion of all hospital referrals : What sample size would be required to estimate the proportion of all hospital referrals to the health centre with a margin of error of 0.04
Data visualization and other information display techniques : Discuss how other departments in your company could use the data visualization and other information display techniques discussed in this chapter.
Which is less emphatic : Which is less emphatic? Profits in beauty care products dropped 15 percent last quarter. One division's profits decreased last quarter.

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