Calculate the variable overhead, Cost Accounting

Assignment Help:

Questions 8-10 rely on the following data. FrontGrade Systems allocates manufacturing over- head based on machine hours. Each connector should require 11 machine hours. According to the static budget, FrontGrade expected to incur the following:
1,100 machine hours per month (100 connectors x 11 machine hours per connector)
$5,500 in variable manufacturing overhead costs
$8,250 in fixed manufacturing overhead costs
During August, FrontGrade actually used 1,000 machine hours to make 110 connectors and spent $5,600 in variable manufacturing costs and $8,300 in fixed manufacturing over- head costs.
8. Front Grade's predetermined standard variable manufacturing overhead rate is a. $5.00 per machine hour b. $5.50 per machine hour c. $7.50 per machine hour. d. $12.50 per machine hour
9. Calculate the variable overhead spending variance for FrontGrade.
a. $450 F b. $600 U c. $1,050 F d. $1,650 F
10. Calculate the variable overhead efficiency variance for FrontGrade.
a. $450 F b. $600 U c. $1,050 F d. $1,650 F


Related Discussions:- Calculate the variable overhead

#title.journal., conard transfered 10000 from her account to the business

conard transfered 10000 from her account to the business

Determine the relevant costs for this order, Make-or buy and relevant costs...

Make-or buy and relevant costs - The assembly division of Davenport, Inc., is bidding on an order of 50,000 smart phones. The division is eager to get this order because it has a s

Classification of labour costs, Classification of Labour Costs This ca...

Classification of Labour Costs This can be classified into like: a) Indirect or Direct cost b) Variable or Fixed cost c) Non controllable and controllable cost a)

Calculate the allocations and totals, A company wishes to devise a fair mea...

A company wishes to devise a fair means of allocating funds to its four main departments, namely Accounts, Production, Sales and Transport. The total allocation is to be £100,000.

Who would be affected if the proposal is implemented?, Outdoors R Us owns s...

Outdoors R Us owns several membership-based campground resorts throughout the Southwest. The company sells campground sites to new members, usually during a get-acquainted visit an

Evaluate the expected earning, During his career in the energy industry, T-...

During his career in the energy industry, T-Bone McAdams has accumulated $5,000,000 in "surplus savings" that he is planning to donate to his college alma mater, Oklahoma A&M, in

mix and yield component variances, Describe the manner in which a material...

Describe the manner in which a materials usage variance is divided into mix and yield component variances.

Job costing, the features and scopes of job costing

the features and scopes of job costing

debt service fund and special revenue fund, For your assignment, discuss w...

For your assignment, discuss when the government and nonprofit organizations would use each of the following funds: Capital projects fund Debt service fund Special r

Write Your Message!

Captcha
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