Compute the variable overhead rate variance for September

Assignment Help Accounting Basics
Reference no: EM132533453

Question - Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 1.3 hours per unit. The variable overhead rate standard is $10.50 per hour. In September, the company produced 1,500 units using 1,940 direct labor-hours. The actual variable overhead rate was $11.70 per hour.

Required - Compute the variable overhead rate variance for September?

a. $2,328 F

b. $2,445 U

c. $2,328 U

d. $2,445 F

Reference no: EM132533453

Questions Cloud

Describe the culturally competent nursing interventions : Critically analyze and describe the culturally competent nursing interventions for a Hispanic woman after a fetal demise from a cord accident.
Specific evidence of particular crime : It is sometimes said that information extracted from a router or switch does not necessarily provide specific evidence of a particular crime.
Compute the cost to be allocated to Product L : Compute the cost to be allocated to Product L for this period's $660 of joint costs if the value basis is used. (Do not round your intermediate calculations.)
Strategy to overcome the limitations of looking : How do organisations that thrive on employee engagement and empowerment use synthesis as an strategy to overcome the limitations of looking
Compute the variable overhead rate variance for September : The quantity standard is 1.3 hours per unit. The variable overhead rate standard is $10.50 per hour. Compute the variable overhead rate variance for September
Information about the history of cryptography : Use the library and other internet resources to research for information about the history of Cryptography.
Forecast demand for human resources : Describe the different critical point standards with the help of relevant real-life examples and Briefly discuss the techniques to forecast demand for Human
Prepare the entry to record the employer payroll taxes : The amount paid to employees in excess of $7,000 was $720,000. Income taxes withheld were $225,000. Prepare the entry to record the employer payroll taxes
Find and solve the cost of goods sold account : Find and Solve the cost of goods sold account. Assuming underapplied or overapplied overhead is transferred to cost of goods sold at the end of the period.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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