Everjoice company makes clocks the fixed overhead costs for

Assignment Help Accounting Basics
Reference no: EM13577793

Everjoice Company makes clocks. The fixed overhead costs for 20X5 total $720,000. The company uses direct labor-hours for fixed overhead allocation and anticipates 240,000 hours during the year for 480,000 units. An equal number of units are budgeted for eachmonth.During June, 42,000 clocks were produced and $63,000 were spent on fixed overhead.

Required:

  1. Determine the fixed overhead rate for 20X5 based on units of input.
  2. Determine the fixed overhead static-budget variance for June.
  3. Determine the production-volume overhead variance for June

Reference no: EM13577793

Questions Cloud

You have credit sales for the year of 1000000 return and : you have credit sales for the year of 1000000. return and allowances are 100.000.you write-off an amount for 50000
If the company meets its target net income number by what : poole corporation has collected the following information after its first year of sales. net sales were 1600000 on
Te mean was 2747 years with a standard deviation of 1069 : a survey was conducted of the age in years of 50 randomly selected customers. the mean was 27.47 years with a standard
It is important to have performance measures to evalvate : it is important to have performance measures to evalvate managers as they control and invest in assets for the company.
Everjoice company makes clocks the fixed overhead costs for : everjoice company makes clocks. the fixed overhead costs for 20x5 total 720000. the company uses direct labor-hours for
A confidence interval for the price of gasoline from a : a confidence interval for the price of gasoline from a random sample of 40 gas stations in a region gives the
Amys weathervane company manufactures weathervanes the 2011 : amys weathervane company manufactures weathervanes. the 2011 operating budget is based on the production of 5000
Perdon corporation manufactures safes large mobile safes : perdon corporation manufactures safes large mobile safes and large walk-in stationary bank safes. as part of its annual
While attending a sales meeting you were asked about the : question while attending a sales meeting you were asked about the relationship between sales calls and actual sales

Reviews

Write a Review

Accounting Basics Questions & Answers

  Dcl industries purchased a supply of mechanical components

dcl industries purchased a supply of mechanical components from e corporation on november 1 2011. in payment for the

  Under the weighted-average method of process costing costs

under the weighted-average method of process costing costs from the prior period are averaged with those of the

  What is the time value of money why should accountants have

what is the time value of money? why should accountants have an understanding of compound interest annuities and

  What are the old and new break-even sales

If fixed costs are $240,000, the unit selling price is $32, and the unit variable costs are $20, what are the old and new break-even sales (units) if the unit selling price increases by $4?

  What where the total balances after adding and subtracting

what where the total balances after adding and subtracting the adjustments giving you the adjusted trial balance totals for the month of may? for the generals favorite fishing hole comprehensive promblem.

  How much should fishbone record as the cost of the machine

Fishbone Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,570 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 10% applies to this contract, how much should Fishbone r..

  The charter authorized 750000 shares of common stock with a

heavenly sounds corp. an electric guitar retailer was organized by mickey blessing john frey and nancy stein. the

  Disclosure requirements for nonprofit organizations

Explain disclosure requirements for nonprofit organizations, such as the tax-exempt determination letters required by Congress and the IRS. Discuss the reasons for these disclosure requirements and the sentiments of the public and government abou..

  Overhead is applied based on direct labor dollars direct

the work in process inventory account for clinton company for the month ended september 30 appears below. work in

  What are the implications of this to financial markets

What is the role of social responsibility in finance for Michael Milken, Ivan Boesky and Martha Stewart? Describe how unethical behavior can go undetected by regulators and accountants. What are the implications of this to financial markets?

  Prepare an overhead budget that reflects production

A. Prepare an overhead budget for the expected activity level for the coming year. B. Prepare an overhead budget that reflects production that is 10 percent higher than expected (for both products).

  Problem on short-term liability

A company with working capital of $500,000 and a current ratio of 2.5pays a $85,000 short-term liability. The amount of working capital immediatelyafter payment is:

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