Calculate the variable overhead spending variance

Assignment Help Managerial Accounting
Reference no: EM133015165

Problem - Wildhorse Co. uses a standard job cost system with a normal capacity of 25,900 direct labour hours. Wildhorse Co. produces 12,800 units, which cost $215,100 for direct labour (23,900 hours), $25,600 for variable overhead, and $139,520 for fixed overhead. The standard variable overhead per unit is $2 (2 hours at $1 per hour), and the standard fixed overhead per unit is $10.00 (2 hours at $5.00 per hour). Calculate the variable overhead spending variance and the variable overhead efficiency variance.

Reference no: EM133015165

Questions Cloud

What are the motivational techniques amazon : 1. Explain the current conditions, culture and reputation of JC Penny, Walmart, and Amazon. How are JC penny, Walmart and Amazon motivating employees in the age
Desired healthcare profession : As we wrap of this course which focused on customer service healthcare please reflect on all of the content information and skills you have been exposed and hav
What is the call feature of a bond issue : What is the "call" feature of a bond issue? How does the call feature affect the amortization of bond premium or discount
How do you encourage open and supportive communication : What are the long-term goals for Peters Café and Convention Centre and What process would you follow to determine the team goals for the café
Calculate the variable overhead spending variance : The standard fixed overhead per unit is $10.00 (2 hours at $5.00 per hour). Calculate the variable overhead spending variance
How much money will he have in your savings account : If your client invest $96,000 today at an interest rate of 5.41 percent, compounded daily, how much money will he have in your savings account in 30 years
What the interest coverage ratio for pharoah company : Interest Expense - $52000; Income Tax Expense - $216100. What the interest coverage ratio for Pharoah Company at December 31, 2021
Why you would prefer to invest in an RRSP : Each person received a cash amount of $75,000. Give five (5) bulleted reasons why you would prefer to invest in an RRSP as opposed to a TFSA
Prepare dated journal entries for Ocean Enterprises : Prepare dated journal entries for Ocean Enterprises for 2017 to account for its investment in Zebrafish and any related income therefrom

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!

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