Amys weathervane company manufactures weathervanes the 2011

Assignment Help Accounting Basics
Reference no: EM13577791

Amy's Weathervane Company manufactures weathervanes. The 2011 operating budget is based on the production of 5,000 weathervanes with 1.25 machine-hour allowed per weathervane. Variable manufacturing overhead is anticipated to be $150,000.Actual production for 2011 was 5,500 weathervanes using 6,050 machine-hours. Actual variable costs were $23.75 per machine-hour.

Required:Calculate the variable overhead spending and the efficiency variances.

Reference no: EM13577791

Questions Cloud

Te mean was 2747 years with a standard deviation of 1069 : a survey was conducted of the age in years of 50 randomly selected customers. the mean was 27.47 years with a standard
It is important to have performance measures to evalvate : it is important to have performance measures to evalvate managers as they control and invest in assets for the company.
Everjoice company makes clocks the fixed overhead costs for : everjoice company makes clocks. the fixed overhead costs for 20x5 total 720000. the company uses direct labor-hours for
A confidence interval for the price of gasoline from a : a confidence interval for the price of gasoline from a random sample of 40 gas stations in a region gives the
Amys weathervane company manufactures weathervanes the 2011 : amys weathervane company manufactures weathervanes. the 2011 operating budget is based on the production of 5000
Perdon corporation manufactures safes large mobile safes : perdon corporation manufactures safes large mobile safes and large walk-in stationary bank safes. as part of its annual
While attending a sales meeting you were asked about the : question while attending a sales meeting you were asked about the relationship between sales calls and actual sales
Bach table company manufactures tables for schools the 2011 : bach table company manufactures tables for schools. the 2011 operating budget is based on sales of 40000 units at 50
Why do you suppose union planters purchases investments : union planters is a tennessee bank holding company that is a corporation that owns banks. union planters is now part of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Elm corporation''s only class of stock

1. Anna transferred land with an adjusted basis to her of $20,000 and a fair market value of $56,000 to Elm Corporation in exchange for 100% of Elm Corporation's only class of stock.

  Identify costs as variable and calculate the expected costs

Identify the above costs as variable, fixed, or mixed and calculate the expected costs when production is 5,000 units.

  Job order costing system

Which of the following would most likely use a job order costing system? ... most likely use a job order costing system?

  Determine the break-even point in units of q and z

The sales mix for products Q and Z is 20% and 80%, respectively. Determine the break-even point in units of Q and Z.

  Consolidated sales and cost of goods sold

During the current year, Top sold merchandise to Bottom for $100,000. The subsidiary still possesses 40 percent of this inventory at the end of the current year. Top had established the transfer price based on its normal markup. What are consolida..

  What was the carrying value book value of fedexs debt

note the locations of the following page numbers are the ones printed on the pages not the page numbers of the .pdf

  Prepare the entry to record the write-off

(a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period.

  Payment for interst and principle

On this date the banks prime rate was 11%. The first payment for interst and principle was made on September 1 2011. At december 31 2001, Herman should record accured insterst payable.

  The appropriate course of action.

Your contracting activity negotiated a $7,500,000 sole-source contract with the Williams Corporation about eight months ago. After the close of negotiations, Williams signed a Certificate of Current Cost or Pricing Data. During an audit for a follow-..

  Liability at the end of the year

Sales were $15 million and actual warranty expenditures were $20,000 for the first year of selling the product. What amount should Right report as a liability at the end of the year?

  Anderson company uses the indirect method of preparing the

anderson company uses the indirect method of preparing the statement of cash flows and reports the following

  Arrange the steps of accounting cycle in proper order

the following is a list of steps in the accounting cycle.a. post to the ledgerb. close the accountsc. analyze

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