What was the variable overhead quantity variance

Assignment Help Accounting Basics
Reference no: EM132504746

Question - Taylor Corporation applies manufacturing overhead to products on the basis of standard machine-hours.

The company's standard variable manufacturing overhead rate is $1.80 per machine-hour.

The actual variable manufacturing overhead cost for the month was $13,080.

The original budget for the month was based on 7,100 machine-hours.

The company actually worked 7,210 machine-hours during the month.

The standard hours allowed for the actual output of the month totaled 7,070 machine-hours.

What was the variable overhead quantity (efficiency) variance for the month?

Reference no: EM132504746

Questions Cloud

What is best estimate of company net operating income : Karl Marx Corporation's contribution margin ratio is 35%. What is the best estimate of the company's net operating income
Compute income tax provision and current income tax expense : Compute the (1) income tax provision (benefit), (2) current income tax expense (benefit), and (3) deferred income tax expense (benefit)
Analysis of the influence of adultism in the logan case : How gender, race, class, and privilege interact with adultism to influence the family's discourse related to Eboni's pregnancy as well as other family dynamics
What would be an example of it architecture at that company : What would be an example of IT architecture at that company? What is the difference between a decentralized architecture and a centralized architecture?
What was the variable overhead quantity variance : The original budget for the month was based on 7,100 machine-hours. What was the variable overhead quantity (efficiency) variance for the month
What non-renewable natural resource at risk of depletion : Discuss some sustainable development models that have broad applicability to the needs and consumption demands of both developing and developed countries.
How at least two of agents assisted with socialization : Which agent is mostly shaping the development of your self at your current adult stage in life? Explain how so and why this agent is presently so influential.
Prepare communication for the employees : The organization will pay 50% of the cost of the AD&D premiums and 50% of the cost of the vision care premiums, prepare communication for the employees
Compute the income tax provision : Compute the (1) income tax provision (benefit), (2) current income tax expense (benefit), and (3) deferred income tax expense (benefit)

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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