Computing overall fixed overhead budget variance

Assignment Help Accounting Basics
Reference no: EM13153976

The company based its original budget on 6,100 machine-hours. The company actually worked 6,480 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,370 machine-hours. What was the overall fixed overhead budget variance for the month?

Reference no: EM13153976

Questions Cloud

How can makers of flat-panel tvs earn economic profits : How can makers of flat-panel TVs earn economic profits during the first few months after the introduction of new models? What economic forces result in the dissipation of economic profits earned by manufacturers of flat-panel TVs?
Amount of dividends payable to preferred shareholders : Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristics of the preferred stock.
What is the mass of the carbon dioxide produced : if 5.00 grams of NaHCO3 decomposes, what is the mass of the carbon dioxide produced?
Describe bankten compares with other banks : Create a frequency distribution and histogram for this variable, and calculate the mean, median, and standard deviation. Describe how BankTen compares with other banks in terms of profits per employee.
Computing overall fixed overhead budget variance : The company actually worked 6,480 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,370 machine-hours. What was the overall fixed overhead budget variance for the month?
What percentage of this loss will the insurance company pay : What percentage of this loss will the insurance company pay? How much of the loss will George and Nancy have to absorb?
Expenditure recorded as an asset : When should an expenditure be recorded as an asset rather than an expense?
What is the pressure of the gas in the second tank : A sample of gas is stored in 716 mL tank at 205 kPa and 300 K. The gas is transferred to a different tank with a volume of 925 mL and 325 K. What is the pressure of the gas in the second tank?
Common action of a corporation that is listed on the nyse : 1. Choose a common action of a corporation that is listed on the NYSE and on the basis of prices during the last 60 months to determine their rates of returns during those months and total rate of return; do the same for the same period with the mark..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Computing net cash provided by operating activities

Hendrickson Corporation reported net income of $50,000 in 2010. Depreciation expense was $17,000. The following working capital accounts changed. Compute net cash provided by operating activities.

  Accounting treatment and disclosures

Discuss fully the accounting treatment and disclosures that should be accorded the casualty and related contingent losses in the financial statements dated December 31, 2003.

  Computing population growth

Pick a country of your choice that is experiencing population growth.(I picked Mexico City,Mexico;18,131,000 in 2007, r is 1.7% expected to double in 40 years (0.69/0.017=40.6) pop. growth rate 1.142%(2008 est) find the most recent population coun..

  Material sale of inventory items by a parent company

The material sale of inventory items by a parent company to an affiliated company:

  Method of revenue recognition

How should earned but unbilled revenues at the balance sheet date on a long-term construction contract be disclosed if the percentage-of-completion (POC) method of revenue recognition is used?

  Breakeven-absorption costing

What is the break-even point expressed in dollar sales? How many units must be sold to earn a net operating income of $100,000 per year? Prepare a formal income statement for the year ended December 31, 2011 under the following:

  Depreciation expense per its tax return

For the year ended December 31, Laramie Industries has a depreciation expense per its tax return greater than its financial statement tax expense, and had recorded warranty expense

  How much have accumulated after taxes

Tina contributed $2,400 after taxes to Roth 401(k); leaves in account until retires in 40 years age 63, which earns annual 8 percent before tax rate; marginal tax rate 30 percent. How much have accumulated after taxes if she withdraws initial cont..

  Calculation of cash flow from operations treats depreciation

On a statement of cash flows that uses the indirect approach, calculation of cash flow from operations treats depreciation as an adjustment to reported net income because:

  Prioritizing projects

Companies often prioritize projects in the following four categories: Absolutely essential, Highly necessary, Economically justified, and All other. Provide one example for each category. Why do firms do this type of categorization?

  What would be the value of the bonds

Assume a healthcare company sold bonds that have a ten-year maturity, a 12% coupon rate with annual payments, and a $1,000 par value.

  Example of expense in respect of decedent

An example of an expense in respect of a decedent is the state income taxes attributable to the taxpayer's last paycheck, uncollected at death.

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