Reference no: EM132767865
Question - Zeta, Inc., produces handwoven rugs. Budgeted production is 5,000 rugs per month, and the standard direct labor required to make each rug is 2 hours. All overhead is allocated based on direct labor hours. Zeta's manager is interested in what caused the recent month's $3,000 unfavorable overhead variance. The following information was available to aid in the analysis.
Budgeted Amounts Actual Results
Production in units 5,000 4,500
Total labor hours 10,000 9,000
Total variable overhead $60,000 $55,000
Total fixed overhead 40,000 38,000
Total overhead $100,000 $93,000
Required -
a. What was the overhead spending variance for the month?
b. What was the overhead volume variance?
|
What is the average inventory for the season
: The cost of placing an order with their supplier is €750 and the inventory-carrying costs are €170 for each generator. What is average inventory for the season
|
|
Current legal processes
: Summarize the importance of the fourth amendment, specifically as it applies to a forensic investigation.
|
|
What is the interest paid in the year of the mortgage
: Shantel has a mortgage of $547,000 through her bank for property purchased. What is the interest paid in the 8th year of the mortgage
|
|
Mayberry satellite campus network diagram
: Review the Network Configuration Visio® document of the Mayberry Satellite Campus. This diagram will be used throughout the course.
|
|
What was the overhead spending variance for the month
: Zeta, Inc., produces handwoven rugs. Budgeted production is 5,000 rugs per month, What was the overhead spending variance for the month
|
|
Communication and team decision making
: What are some of the possible biases and points of error that may arise in team communication systems?
|
|
What does the term LIFO liquidation mean
: Should the president be enthralled with the new controller? Explain your answer. What does the term LIFO liquidation mean
|
|
List the current liability associated with this transaction
: The first $1,000,000 installment is due September 30, 2019. List the current liability associated with this transaction
|
|
Determine the amounts that should be included in the cost
: Municipal grant to promote locating building in the municipality (8,800). Determine the amounts that should be included in the cost
|