User Account

All Pages

Calculate the activity variances for march

Assignment Help Managerial Accounting
Reference no: EM132598362

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control.

After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March:

Cost Formula Actual Cost in March Utilities $16,400 + $0.15 per machine-hour $ 20,750

Maintenance $39,000 + $1.20 per machine-hour $ 53,200

Supplies $0.70 per machine-hour $ 11,700

Indirect labor $94,900 + $1.40 per machine-hour $ 119,600

Depreciation $68,000 $ 69,700

During March, the company worked 15,000 machine-hours and produced 9,000 units. The company had originally planned to work 17,000 machine-hours during March.

Required:

Question 1. Calculate the activity variances for March.

Question 2. Calculate the spending variances for March.

Reference no: EM132598362

Questions Cloud

What types of cancer are often caused : What types of cancer are often caused by a mutation in the p53 gene?
Calculate via gelato revenue and spending variances for june : Calculate Via Gelato revenue and spending variances for June. (Indicate the effect of each variance by selecting "F" for favorable, "U"
What is the main reason for using covariance analysis : What is the main reason for using covariance analysis in a randomized study and What statistical assumptions must be met to use Analysis of Covariance
IoT integration toward business competitive advantage : what is your position regarding the advantages of IoT integration toward business competitive advantage?
Calculate the activity variances for march : Calculate the activity variances for March. You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage
Why study is important to advancing nursing knowledge : Describe the purpose of the Flannigan et al. (2014) study and why this study is important to advancing nursing knowledge. According to the study narrative.
What stockholder equity as of end of budget period is called : An accounting statement that presents predicted amounts of the company's assets, liabilities, and stockholders' equity as of end of the budget period is called
Key leadership trait that can assist in managing conflict : Imagine you are working with a partner to plan and host a workshop on leadership. Address a key leadership trait that can assist in managing conflict.
How can the third parameter value be referenced : Draw a picture showing the stack following execution of these instructions. Your picture must start with the parameters for the procedure

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute the total equivalent units of production

Compute the total equivalent units of production with respect to labor for July using the weighted average inventorymethod.

  Estimated overhead cost in the activity cost pool

Computed for each activity cost pool by dividing the estimated overhead cost in the activity cost pool by the total expected activity for the activity cost pool

  Journalize the entry to record the flow of costs

On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials.

  Find and Calculate process yield for Process A

Find and Calculate process yield for Process A, process yield for Process B, and overall process yield. Round your answers to one decimal place, if necessary.

  Which is not a right generally granted to shareholders

Which is not a right generally granted to shareholders?Right to elect individuals to the board of directors./ Right to purchase shares of any new stock issue

  Evaluate a new bonus plan

Evaluate a new bonus plan that was designed to specifically address the perceived shortcomings of a previous plan.

  How much is the return on investment

How much is the return on investment? How much is the residual income? Selected data pertain to Balmoral Co.'s Beam Division for 2018

  Find out the income from operations for segment

Given this information, I have to find out the income from operations for each segment, determine the profit margin for each segment, figure out the investment

  Make revise budget consistent with president recommendation

Prepare a revised budget consistent with the president's recommendation. After he submitted his budget, the president of Office Furniture Solutions reviewed

  Calculate the new break-even point in total units

Determine the TOTAL units of ALL products that must be sold in order to earn a target profit of $500,000, AND the respective units of individual product

  List three areas you could focus on for your strategy

List three areas you could focus on for your strategy relative to your own organization, an organization for which you would aspire to work, or your personal life.

  Describe the rationale a manager can use to justify

Describe the rationale a manager can use to justify the deferral of a write down of inventory. An auditor may initiate the investigation.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd