Reference no: EM131867285
Question - Overhead variances
Nova Manufacturing applies factory overhead to products on the basis of direct labor hours. At the beginning of the current year, the company's accountant made the following estimates for the forthcoming period:
• Estimated variable overhead: $500,000
• Estimated fixed overhead: $400,000
• Estimated direct labor hours: 40,000
It is now 12 months later. Actual total overhead incurred in the manufacture of 7,900 units amounted to $895,100. Actual labor hours totaled 39,800. Assuming a direct labor standard of five hours per finished unit, calculate the following:
a. Variable overhead efficiency variance
b. Fixed overhead volume variance
c. Overhead spending variance
Discuss the function of education in society
: Discuss the Functionalists' arguments for: 1) explaining why there is economic inequality in society, and 2) the function of education in society.
|
Probability of obtaining a sample mean this large or larger
: If a sample of 64 fish yields a mean of 3.4 pounds, what is probability of obtaining a sample mean this large or larger?
|
Sampling distribution of the sample mean age
: If we randomly sampled 100 students, which of the following statements about the sampling distribution of the sample mean age is incorrect?
|
Calculate the variable overhead efficiency variance
: Assuming a direct labor standard of five hours per finished unit, calculate the following: Variable overhead efficiency variance
|
Proportion of all caucasians in the united states
: Historically, the proportion of all Caucasians in the United States with blood phenotypes A, B, AB and O are 0.41, 0.10, 0.04 and 0.45 respectively.
|
Compute arrow direct material variances
: Direct materials acquired during the month amounted to 26,350 units at $6.40 per unit. Compute Arrow's direct material variances
|
Define the concepts of correlation and causation
: A researcher hypothesizes that a particular behavioral management system will reduce the amount of time preschool teachers must spend dealing.
|
Probability of delivery
: Don't use Layne's because the probability of delivery in under 43 hours is only 0.4332.
|