User Account

All Pages

Find the total standard cost for variable overhead for May

Assignment Help Managerial Accounting
Reference no: EM132744133

Question - The Clark Company makes a single product and uses standard costing. Variable overhead is assigned to production based on direct labour hours. Some data concerning this product for the month of May follow:

Labour rate variance: $7,000

Labour efficiency variance: $12,000

Variable overhead efficiency variance: $4,000

Number of units produced: 10,000

Standard labour rate per direct labour hour: $12

Standard variable overhead rate per direct labour hour: $4

Actual labour hours used: 14,000

Actual variable manufacturing overhead costs: $58,290

Required - Find the total standard cost for variable overhead for May?

a. $40,000.

b. $50,000.

c. $56,000.

d. $60,000.

Reference no: EM132744133

Questions Cloud

Importance of non-verbal communication : In seeking to understand the importance of non-verbal communication, we must start by examining ourselves. Describe examples of each non-verbal communication
Promote organizational performance : In what ways do goals and objectives help managers control various processes within an organization?
What is the amount of current liabilities : All liabilities are due to be satisfied within one year unless stated otherwise - Retained earnings $52,000. What is the amount of current liabilities
Contrast maslow-hertzberg and alderfer motivational : Please compare and contrast Maslow's, Hertzberg's and Alderfer's motivational theories and indicate the benefits of each in structuring a compensation system
Find the total standard cost for variable overhead for May : Standard variable overhead rate per direct labour hour: $4. Find the total standard cost for variable overhead for May
Example of a well-worded objective : Provide an example of a well-worded objective, and a poorly worded objective. Why is one better than the other?
Compute economic order quantity : Each time they place an order there is an ordering cost of Ksh1000, holding costs is sh100 per unit. Compute economic order quantity
How are information systems transforming business : How are information systems transforming business and what is their relationship to globalization?
Importance for having a union in a public school : What is the importance for having a union in a public school?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd