Determine fixed factory overhead volume variance

Assignment Help Accounting Basics
Reference no: EM131139980

factory overhead cost variances

The following data relate to factory overhead cost for the production of 10,000 computers:

Actual:

Variable factory overhead

$262,000


Fixed factory overhead

90,000

Standard:

14,000 hrs. at $25

350,000

If productive capacity of 100% was 15,000 hours and the total factory overhead cost budgeted at the level of 14,000 standard hours was $356,000,

determine the variable factory overhead controllable variance,

fixed factory overhead volume variance,

and total factory overhead cost variance. The fixed factory overhead rate was $6.00 per hour.

Reference no: EM131139980

Questions Cloud

Complete the analysis and design for the project : You will complete the analysis and design for the project. You will use the guidelines described above and the grading rubric below to complete this document.
Explain why output can diverge : To what extent do these models complement or contradict each other? Discuss.
Write brief reflection about woman psychology : Develop a list of specific gender-related /diversity-related priorities for the future; that is, important gender-related societal goals not yet achieved.
Limitations of the power of the us government : Explain two to three roles that modern government plays in the lives of American citizens. Then, determine at least two benefits and two limitations of the power of the U.S. government in affecting the day-to-day lives of its citizens
Determine fixed factory overhead volume variance : determine the variable factory overhead controllable variance,- fixed factory overhead volume variance, - and total factory overhead cost variance.
Command and control schemes-tax and subsidy strategies : Compare and contrast the regulatory alternatives(Command and control schemes, tax and subsidy strategies, and litigation are all regulatory alternatives) of the text in terms of the efficiency and efficacy these alternatives might provide to business..
Relationship of spot and futures prices for pound and yen : Explain why the futures prices are not generally equal to the spot price-the price paid today to receive the foreign currency today. See whether you can explain the difference between the relationship of spot and futures prices for the pound and y..
Explain the influences that shaped the texas constitution : Explain the influences that shaped the Texas Constitution of 1876. Explain the individuals and groups that played a role in drafting the document, and the sentiments held by those individuals and groups that resulted in the specific governmental d..
What specific portion of supply chain in the integrated : What specific portion of Supply Chain in the Integrated Operations Planning do you think is most important? In your own words, give a detailed description as to why you believe this.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much of the expected proceeds from insurance coverage

a. How much of the expected proceeds from insurance coverage, if any, should Friendly include in its June 30 financial statements? Justify your answer with relevant accounting pronouncements.

  Sanker inc has provided the following data for the month of

sanker inc. has provided the following data for the month of august. there were no beginning inventories consequently

  Jessica alba a famous actress starts the baby and family

jessica alba a famous actress starts the baby and family products business the honest company with christopher gavigan.

  Problem regarding the pharma promotion

The data give the market share (0 to 100%) of a brand-name pharmaceutical product in 224 metropolitan locations. The market share indicates the percentage of all prescriptions for this type of medication that are written for this brand.

  Allied companys small motor division manufactures a of

allied companys small motor division manufactures a of small motors used in household and office appliances. the

  The cost and installation of the machinery

1.On February 19 of the current year, Quartzite Co. pays $5,400,000 for land estimated to contain 4 mil lion tons of recoverable ore.

  Weibull distribution with a known shape parameter value

Known Weibull shape. For a complete sample of size n from a Weibull distribution with a known shape parameter value ßo and an unknown scale parameter αO, the scale parameter is to be estimated.

  On january 2 todd company acquired 40 of the outstanding

on january 2 todd company acquired 40 of the outstanding stockof mcguire company for 205000. for the year

  The capital accounts of jonathan faber and faheem ahmad

the capital accounts of jonathan faber and faheem ahmad have balances of 150000 and 110000 respectively. lauren wells

  If margin of safety is 240000 which is 40 of sales and

if margin of safety is 240000 which is 40 of sales and pv ratio is 30. calculate the break even sales and the amount

  Problem related to sharing the corporate income

Samantha owned 1,000 shares in Evita, Inc., an S corporation that uses the calendar year. On October 11, 2010 Samantha sells all of her Evita stock. Her basis at the beginning of 2010 was $60,000. Her share of the corporate income for 2010 was $22..

  Discuss relative natures of two companies

Discuss the relative natures of the two companies in terms of risk and return. Identify the more growth-oriented firm and justify your selection. Support your discussion and conclusions by referring to the ratios.

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