What was the variable overhead efficiency variance for month

Assignment Help Financial Accounting
Reference no: EM132777297

Question - Pleiss Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's standard variable manufacturing overhead rate is $2.40 per machine-hour. The actual variable manufacturing overhead cost for the month was $5,240. The original budget for the month was based on 2,100 machine-hours. The company actually worked 2,270 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 2,280 machine-hours. What was the variable overhead efficiency variance for the month?

Reference no: EM132777297

Questions Cloud

What are your thoughts on childhood trauma : What are your thoughts on childhood trauma and the child welfare system?
How do social scientists view race : How do social scientists view race? What are the key differences between these two perspectives (social scientists and non-social scientists.)
How important are ethics in sociological research : How important are ethics in sociological research? Critical Thinking assignments require the student to write an essay with three paragraphs that equal one page
Compute the After Tax Cost of Debt of the firm : The expected market return is 12.08% and the T-bill rate is 3.51%. Compute the following: After Tax Cost of Debt of the firm
What was the variable overhead efficiency variance for month : The standard hours allowed for the actual output of the month totaled 2,280 machine-hours. What was the variable overhead efficiency variance for the month
Explain characteristics that make gun violence : Identify and explain two characteristics that make gun violence a wicked problem using support from Newman and Head (2017)
What is the labour rate variance for the month : The following data pertain to operations concerning the product for the last month: Actual output 800 units. What is the labour rate variance for the month
Focusing the mathematical language and communication : Develop technological resources focusing the mathematical language and communication and Demonstrate that ICT has been used effectively and show the potential
What is the internal rate of return : The cash inflows generated by the project are estimated at $255,000 for the first three years and $25,000 for the following five years. What is internal rate

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is panda book value of equity in net assets of skunk

What is Panda's book value of equity in the net assets of Skunk? Panda Corporation purchased 100,000 previously unissued shares of Skunk

  What is the time frame invoicing customer

Referring to the organisational policy and procedure manual what is the time frame invoicing customer and what are the compliance requirement

  Actual quantity of input and standard quantity of input

The difference between actual quantity of input used and the standard quantity of input used results in a: Which of the following accounts is reported on an income statement? Select all that apply.

  Prepare general journal entries necessary to open the record

Prepare general journal entries necessary to open the records of the partnership. Richard to contribute $24000 cash, inventory the fair value of which was $5100

  What is the net present value of the decision to produce

Determine what is the net present value of the decision to produce the chains in-house instead of purchasing them from the supplier?

  Suppose that the change in stock price is described

Suppose that the change in stock price is described by an It process such that The stock pays no dividend and has a volatility of 60% per annum and a continuously compounded return of 21%. Can you forecast the stock price in 10 days? Assume that the ..

  Find a company financial statements

Find a company's financial statements either on their website or at the SEC.gov website in the search EDGAR section. Review the balance sheet

  Prepare stockholders equity section of bradstroms sheet

Prepare a retained earnings statement for the year ended December 31, 2011 and prepare the stockholders equity section of Bradstrom's balance sheet at December 31, 2011.

  What is the npv of merger assuming that tarjay is willing

Buyitall expects from acquiring Tarjay is $2,600. What is the NPV of the merger assuming that Tarjay is willing to be acquired for $28 per share in cash?

  What is the depreciation expense allowed by the irs

You place a commercial building into service on May 31st, 2019 costing $42,380,000. What is the depreciation expense allowed by the IRS?

  What is the potential liability exposure for the auditor

A subsequent event is one that occurs after the date of the financial statements (i.e., December 31, 2013) but prior to the auditor having dated (or possibly issued) the audit report (i.e., March 15, 2014). One type of subsequent event is where addit..

  What is the depreciation expense for 2010

What is the depreciation expense for 2010 using the company's existing method and what is the depreciation expense for 2010 if Mary incorporates her changes to how depreciation expense is calculated?

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