Reference no: EM132768685
Hunter Company uses a standard cost system when accounting for its sole product. Planned production is 60,000 process hours per month, which gives rise to the following per-unit standards:
Variable overhead: 13 hours at $15 per hour
Fixed overhead: 13 hours at $7 per hour
During September, 5,100 units were produced and Hunter incurred the following overhead costs:
variable, $942,500; fixed, $429,000.
Actual process hours totaled 65,000.
REQUIRED:
Problem 1. Calculate the spending and efficiency variances for variable overhead.
Problem 2. Calculate the budget and volume variances for fixed overhead.
|
Media and methods of communication
: explain engagement models, benefits and applications and compare forms and methods of stakeholder engagement - document types and role of program stakeholders
|
|
Find what is needed in journal entry to record the borrowing
: Signing a $30,000, three-year notice payable with a 10% annual interest rate. What is needed in the journal entry to record this borrowing of $30,000?
|
|
Audience in business presentation
: Describe how you would build rapport with your audience in a business presentation.
|
|
How much is in the account now- on twenty-fifth birthday
: Aunt Minnie made no deposits on your fourth, eighth, and eleventh birthdays. How much is in the account now- on your twenty-fifth birthday
|
|
Calculate the budget and volume variances for fixed overhead
: Calculate the spending and efficiency variances for variable overhead. Calculate the budget and volume variances for fixed overhead.
|
|
Discuss your communication gaps
: Discuss your communication gaps. Describe any additional training you need in specific areas of communication.
|
|
Prepare the journal entry to record the sale
: Amplify Inc. purchased a patent on September 1, 2020 for $ 41,080. Prepare the journal entry to record the sale
|
|
Compute rachael ray operating expenses
: On January 1, 2010, Compute Rachael Ray's 2010 operating expenses if net income is $130,000 and there are no non-operating activities
|
|
Waste management to maintain professional autonomy
: In order for engineering in solid waste management to maintain professional autonomy, the public has to trust engineers.
|