Evaluate the rate and efficiency variance

Assignment Help Financial Accounting
Reference no: EM1376248

vitko corporation makes automotive engines for most current month budget production was 6,000 engines. standard power cost is $8.80 per machine hours . company standards shows that each engines requires 6.1 machine hours . Actual production was 6400 engines. Actual machine hours were 38,730 actual power cost 350,628

Evaluate the rate and efficiency variance for variable overhead item power cost and indicate if those variance are favorable or unfavorable

Reference no: EM1376248

Questions Cloud

How should note payable and the equipment be valued : Advise Mr. Perry on purchase he is considering. How should note payable and the equipment be valued?
Life of building and the structural modifications : With permission of owner, Winn made structural modifications to the building before occupying the space at a cost of $180,000. The useful life of building and the structural modifications were predictable to be 30 years with no residual value.
Gdp of brazil and the united states : Determine what is the state of the economy in brazil versus the united states and discuss the GDP of brazil and the united states?
Prepare journal entries for the years 2008 : Prepare journal entries for the years 2008 to 2012 to record income tax expense and the effects of net operating loss carrybacks and carryforwards suppose Synergetics Company uses the carryback provision.
Evaluate the rate and efficiency variance : Evaluate the rate and efficiency variance for variable overhead item power cost and indicate if those variance are favorable or unfavorable
Project on retail store : Explain how you would use variance analysis against this project's before defined cost objects, drivers, budget, and decision making framework
For brother-sister corporations which definition applies : Which of the subsequent groups constitute a controlled group? (Any stock not listed below is held by unrelated individuals every owning less than 1% of the outstanding stock.) For brother-sister corporations, which definition applies?
Net income and earnings per share : Evaluate each of the following for every alternative Net income and Earnings per share.
Profit maximization and shareholder wealth maximization : Explain difference between profit maximization and shareholder wealth maximization and determine which of these is a more comprehensive statement of a firm's economic objectives?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Balance sheet of the captain jet inc

Balance sheet of the Captain Jet Inc

  How much would the bracelet cost

Using the plantwide rate, how much would the bracelet cost and Using activity-based costing, how much would the bracelet cost?

  Determine interest expense on the 2012 income statement

Evaluate net cash flow from operating activities would be reported on the 2012 cash flow statement? Determine interest expense would be reported on the 2012 income statement?

  What should be the required initial investment

What should be the required initial investment at the starting of the first year if the fund earns 11%?

  Which of the following is not a benefit of budgeting

Which of the following isn't a benefit of budgeting? It promotes efficiency It deters waste It is a base for performance evaluation

  Should firm replace the asset

The new machine will cut operating costs by $10,000 every year for the next five years. Taylor's cost of capital is 8%. Should the firm replace the asset?

  Prepare a production budget

Prepare a production budget, in units, for each of the first four months of the year and Prepare a direct materials budget, in dollars, for each of the first three months of the year.

  Budgeted cost of goods

The company pays 50 percent of accountings payable in the month of purchase and the remaining 50 percent in the month subsequent purchase.

  Evaluate the length of the inventory conversion

Evaluate the length of the inventory conversion period and Determine the length of the receivables conversion period.

  Draft the appropriate audit opinion provided the scenarios

Draft the appropriate audit opinion provided the subsequent scenarios.

  Evaluate the total unit cost of each product line

Evaluate the total unit cost of each product line in a refined state.

  How much money will be paid to creditor associated with debt

How much money will be paid to the creditor associated with each debt. Salary during last month owed to Mr. Key Salary during last month owed to Ms. Rankin Unsecured accounts payable Government claims to unpaid taxes Administrative expenses

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