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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 costsDuring 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 hour9. Calculate the variable overhead spending variance for FrontGrade.a. $450 F b. $600 U c. $1,050 F d. $1,650 F10. Calculate the variable overhead efficiency variance for FrontGrade.a. $450 F b. $600 U c. $1,050 F d. $1,650 F
A local delivery company has purchased a delivery truck for $15,000. The truck will be depreciated under MACRS as a five year property. The trucks market value (salvage value)
Important Points Regarding to the Variance Analysis Variance reporting concentrates on both with favourable and unfavourable variances. Normally unfavourable variances are pun
Superior Door Company sells pre-hung doors to home builders. The doors are sold for $60 each. Variable costs are $42 per door and fixed costs total $450,000 per year. The company i
conard transfered 10000 from her account to the business
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Opportunity Costs Are Relevant Costs Opportunity cost introduces an additional concept that is not available like part of normal cost analysis in the accounting record system.
what is the purpose of cost accounting and its nat ure?
During the dinner hour, the distribution of the inter-arrival time of customers at Burger Barn is predictable to be as follows: Inter-arrival Time Probabi
A forecasted increase in metal prices has encouraged the ABC Resource Company to consider the expansion of the capacity in one of its mine operations in Northern Ontario. For this
On January 1, 2012 Morgan's Motors issued $500,000 of 3-year, 8% bonds when the market yield was 6%. The bond agreement stated that compounding was semi-annual with payments due on
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