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

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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