Determining the variable overhead efficiency variance

Assignment Help Accounting Basics
Reference no: EM139913

Tavorn Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's standard variable manufacturing overhead rate is $1.80 per machine-hour. The actual variable manufacturing overhead cost for the month was $13,080. The original budget for the month was based on 7,100 machine-hours. The company actually worked 7,210 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 7,070 machine-hours. What was the variable overhead efficiency variance for the month?

Reference no: EM139913

Questions Cloud

Solve the system using substitution : Solve the system using substitution ALSO elimination. Elucidate how your math in a Word document, also attach the document to your post.
Techniques used to increase hypnotic responsiveness : List out and explain the techniques used to increase hypnotic responsiveness.
What force is being exerted by wire : On an amusement park ride, passengers are seated in the horizontal circle of radius 6.5 m. The seats begin from rest and are uniformly accelerated for 24 seconds to a maximum rotational speed of 1.4 rad/s.
Financial statement in which it will be at fiscal year : ABC INC purchased new machinery in order to improve its production process - Give the value of the new machinery, and list the financial statement in which it will be shown at fiscal year
Determining the variable overhead efficiency variance : The standard hours allowed for actual output of month totaled 7,070 machine-hours. What was the variable overhead efficiency variance for the month?
Purchasing the property on behalf of other person : purchasing the property on behalf of other person whereas Jacobsen did not reveal to Orr the name of the person for whom Jacobsen was making the purchase.
Computation of default risk premium on the corporate bond : Computation of default risk premium on the corporate bond and market's forecast for given years and what is the market's forecast for 1-year rates 1 year from now
Annotated bibliography-geographic-gender-social-cognitive : Nature of geographic, gender, social, cognitive, emotional and growth factors during each and every period of development.
Determine the firm''s net income : Total assets turnover of 2.7 times. Determine the firm's net income and Calculate the firm's ROA

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