Compute variable overhead efficiency variance for december

Assignment Help Accounting Basics
Reference no: EM132574738

Sade Inc has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct-labor hours

Inputs -- Variable Manufacturing Overhead

Standard Quantity or Hours per Unit of Output -- .20 hours

Standard Price or Rate -- $7.00

The company has reported the following actual results for the product for December.

Actual Output = 5,300 units

Actual direct labor hours = 1,160 hours

Actual variable overhead rate = $6.80 per hour

REQUIRED:

Question a) compute the variable overhead rate variance for December

Question b) compute the variable overhead efficiency variance for December

Reference no: EM132574738

Questions Cloud

Successfully implementing strategic plan : Part of successfully implementing a strategic plan is involving everyone in the organization in the plan. What do you think of this implementation approach?
What legislated payments on termination of employment : What are the details on all legislated payments on termination of employment required for each jurisdiction. In addition to the required payments on termination
What legislated payments on termination of employment : What are the details on all legislated payments on termination of employment required for each jurisdiction. In addition to the required payments on termination
What is bob recognized gain on the exchange : Butterfly Corporation common stock with a fair market value of $1,000,000. What is Bob's recognized gain on the exchange
Compute variable overhead efficiency variance for december : Compute the variable overhead efficiency variance for December.Variable manufacturing overhead is applied to products on the basis of direct-labor hours
Disadvantages of situational leadership styles : Explain the merits and disadvantages of situational leadership styles. Is it a good idea to shift leadership approaches or not?
Calculating the factory overhead allocation : You are asked to choose the method of calculating the factory overhead allocation within the company and give reasons
Database programming evaluation practical assignment : Database programming evaluation practical Assignment - Create three tables with relevant keys as suggested in the above diagram
Explain the issue and describe impact on the audit report : Explain the issue and describe the impact on the audit report. You are the audit manager of Daffy & Co and you are briefing your team on the approach

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