Actual variable overhead rate per machine hour

Assignment Help Accounting Basics
Reference no: EM13824557

Problem-

You took your work home one evening, and your brother spilled his coffee on the variance report you were preparing. Fortunately, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below:(Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "N" for no effect (i.e., zero variance. Do not round your intermediate calculations. Omit the "tiny_mce_markerquot; sign in your response.)

Actual variable overhead rate per machine hour $_____

Actual machine hours per unit of output _____

Actual fixed overhead _____

Actual production in units _____

Standard variable overhead rate per machine hour $8.00

Standard machine hours per unit of output 4 hours

Budgeted fixed overhead $25000

Budgeted production in units 12500

Variable overhead spending variance $36000 U

Variable overhead efficiency variance $96000 F

Fixed overhead budget variance $75000 U

Fixed overhead volume variance _____

Total actual overhead $356000

Total budgeted overhead (flexible budget) ______

Total budgeted overhead (static budget) ______

Total applied overhead $408000

Additional information-

The problem belongs to Accounting and it discuss about calculation of variable overhead rate per machine hour, machine hours per unit of output, actual fixed overhead, production in units, fixed overhead volume variance, etc.

Reference no: EM13824557

Questions Cloud

Key decisions for building effective process design : Key Decisions For Building Effective Process Design
Implied warranty of fitness for human consumption : Implied Warranty of Fitness for Human Consumption - Tina Keperwas went to a Publix Supermarket in Florida and bought a can of Doxsee Brand Clam Chowder. Keperwas opened the can of soup and prepared it at home. While eating the chowder, she bit down o..
What steps should the president take next and why : What steps should the president take next? Why? What are the major legal and policy considerations that should guide the ultimate decision in this case?
Analyzing the passages of the article : Write a critique on a newspaper or a magazine article focusing on one or more of the arguments in the article. Discuss whether or not the author succeeds by analyzing the passages of the article.
Actual variable overhead rate per machine hour : The problem belongs to Accounting and it discuss about calculation of variable overhead rate per machine hour, machine hours per unit of output, actual fixed overhead, production in units, fixed overhead volume variance, etc
Stress and corporate social responsibility : Describe a challenging workplace situation that you have encountered in the past or are anticipating in the future. Assess your level of stress before, during, and after the situation. Next, create a stress management plan that includes three (3) of ..
How do you believe the hrm role can be optimized : Are any aspects more important than the others? Why or why not? How do you believe the HRM role can be optimized for shaping organizational and employee behavior?
Define the critical path of the given activity : Define the critical path of the given activity
The average weight of oranges in the sample : 1) * Suppose that the weight of navel oranges is normally distributed with mean µ = 8ounces, and standard deviation δ = 1.5 ounces. A random sample of 15 oranges is taken.What is the probability that: A) the average weight of oranges in the selected ..

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Pickering companys prepaid insurance was 8000 at december

pickering companys prepaid insurance was 8000 at december 31 2008 and 10000 at december 31 2009. pickering reported

  Calhoun inc has forecast purchases on account to be 310000

calhoun inc has forecast purchases on account to be 310000 in march 370000 in april 420000 in may and 490000 in june.

  Economic growth for the typical firm

Using the Internet, library, or other resources, research and briefly explain 2-3 methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical firm in Singapore.

  Doughboy bakery would like to buy a new machine for putting

doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on

  Unexpected problems-forces in global market

The forces affecting trade in global markets include sociocultural forces, economic and financial forces, legal and regulatory forces, and physical and environmental forces. What can business do to prevent unexpected problems in dealing with these..

  What factors should you consider in making your decision

Your investment advisor calls to suggest that you invest in Mexican bonds with a yield of 8.5 percent -3 percent above U.S. Treasury rates. Should you do it? What factors should you consider in making your decision?

  In decker co capital balances are menke 31500 and hibbett

in decker co. capital balances are menke 31500 and hibbett 53100. the partners share income equally.nbsp kosko is

  Net realizable value of receivables-financial statements

The practice of reporting the net realizable value of receivables in the financial statements is commonly called:

  Which of the following types of cost would not form part of

which of the following types of cost would not form part of the prime cost of a product?the factory overhead costs.the

  Identify a list of matters for consideration

The approach the controller recommended is to compare SUPERVALU's revenue recognition accounting policies to three similar companies, one reporting under US GAAP ( Safeway ) and two reporting under IFRS ( Ahold and Loblaw Companies ).

  Actual hours actual cost partner 90 15750 associate 280

software associates software associate sa is a computer software consulting firm that specializes in designing and

  Assume that hvi currently purchases the chair cushions for

assume that hvi currently purchases the chair cushions for its lawn set from an outside company for 15 per set. hvis

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