Find standard variable overhead rate per direct labour hour

Assignment Help Managerial Accounting
Reference no: EM132755478

Question - The Upton Company employs a standard costing system in which variable overhead is assigned to production based on direct labour hours. Data for the month of February include the following:

Variable manufacturing overhead cost incurred: $48,700

Total variable overhead variance: $300 F

Standard hours allowed for actual production: 7,000

Actual direct labour hours worked: 6,840

Required - Find the standard variable overhead rate per direct labour hour?

a. $6.91.

b. $6.95.

c. $7.00.

d. $7.12.

Reference no: EM132755478

Questions Cloud

What should be the corresponding interest rate : If the equivalent annual amount of that cash flow is provided to be $7700, what should be the corresponding interest rate
Why earnings growth are not good justifications : Why risk diversification benefits and earnings growth are not good justifications for a takeover intended to increase shareholder wealth?
How much will you sell the land for in ten years : If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years
Calculate bombardier wacc : Calculate Bombardier's WACC. Shin Lee was a recent immigrant to Canada and current undergraduate student at the Telfer School
Find standard variable overhead rate per direct labour hour : Variable manufacturing overhead cost incurred: $48,700. Find the standard variable overhead rate per direct labour hour
Incentive you consider highly motivating : Find an organization with a form of incentive you consider highly motivating. Description of company, industry and incentive plan.
What is the value of a six-month european call option : The risk-free interest rate is 5% per annum with continuous compounding. What is the value of a six-month European call option with a strike price of $72
Determine the annual cash flow net of income tax : The Cap Company is considering the replacement of Machine A. What is the net present value of the investment? Determine the annual cash flow net of income tax.
What rate should you quote : You are a bank and your customer asks you to quote an agreed-upon rate for a 3-month FRA that starts in 3 months. What rate should you quote

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How important should changes in roe be in the decision

Envision Inc is considering the acquisition,How important should changes in ROE be in this decision? Is the managerial correct in predicting that ROE will fall?

  What would be the total overhead costs

A company's static budget, What would be the total overhead costs according to the flexible budget if 12,000 units were produced and sold?

  Part 1yummy-pop ltd makes lollipops in two sizes large and

part 1yummy-pop ltd makes lollipops in two sizes large and giant. the company sells these lollipops to convenience

  What type of preferred share is entitled to dividends

What type of preferred share is entitled to dividends above its specified dividend if the common shares receive excess dividends and must receive

  Compute the target income in units and in sales dollars

Compute the target income in units and in sales dollars assuming the company would like $120,000 in income. Compute the break-even point in units

  A core capability for each.

Consider the following well known companies and their key products and services:

  Managerial accounting-cost flows

Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000.

  What is the net cash flow for the year ending december

What is the Net Cash Flow for the year ending December 31, 2018? create Statement of Cash Flow for the year ending December 31, 2018.

  Find how much is total cash flow net of income tax in year

Find How much is the total cash flow net of income taxes in year 3? A corporation has provided the information below concerning a capital budgeting

  Report for the mixing department for august

Prepare a cost reconciliation report for the Mixing Department for August.

  Complete the table to find the cost of goods manufactured

How Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019.

  What will the relevant cost of chemical y be

If the order is accepted, what will the relevant cost of chemical Y be? Discuss Current stock of chemical Y of 8 000 kg at $16.20 per kg.

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