From the following information for alfred industries

Assignment Help Accounting Basics
Reference no: EM13482144

From the following information for Alfred industries, compute the overhead spending variance and the volume variance.

Standard manufacturing overhead based on normal Monthlyvolume:

Fixed ($300,000 / 20,000units)........................................$15.00

Variable ($100,000 / 20,000units)......................................5.00 $20.00

Units actually produced in currentmonth............................................ 18,000 units

Actual overhead costs incurred (including $300,000fixed)....................... $383,800

Reference no: EM13482144

Questions Cloud

Identify what type of adjusting entry prepaid expense : emeril corporation encounters the following situations1. emeril collects 1000 from a customer in 2010 for servicesto be
For 2015 prepare the journal entry to record : p20-1 2-year worksheet on january 1 2014 harrington company has the following defined benefit pension plan
Corporation prepared the following performance report for : sunday corporation prepared the following performance report for variable overhead costs for the last quarter of the
When the corporation issuing the bonds has the right to : 1. one potential advantage of financing corportations through the use of bonds rather than common stock isa.the
From the following information for alfred industries : from the following information for alfred industries compute the overhead spending variance and the volume
John corp appropriately uses the installment method of : john corp appropriately uses the installment method of accounting to recognize income in its financial statements.
The cost accountant for blue pharmaceuticals has informed : the cost accountant for blue pharmaceuticals has informed youthat the companys materials quantity variance for the
Credit sales are 80 of total sales collections of credit : corporation has the following sales budgetmonth budgeted salesmay 84000june 100000july 92000august 110000september
Safe travel is concerned with the high upfront cost of : safe travel produces car seats for children from newborn to 2 years old. the company is worried because one of its

Reviews

Write a Review

Accounting Basics Questions & Answers

  Application of linear eqautions

An art dealer sold two artworks at $1520 thereby making a profit of 25% on the first work and 10% on the second, where as if he had approached any exhibition he would have sold them together for $1535 with a profit of 10% on the first and 25% on t..

  Problem related to tax purposes

Adam, Barbara and Charlotte formed the equal ABC partnership; Adam and Barbara each contributed cash of $100,000 and Charlotte contributed land worth $130,000 with a basis of $120,000 and subject to a mortgage of $30,000. In the first year, (using..

  Average number of common shares outstanding

Which of the following is the least likely consideration that management uses when deciding whether to pay a dividend? Is the company's average number of common shares outstanding decreasing?

  Statement of partners capital for the year

Determine the allocation of income for each of these three years and prepare in appropriate form a statement of partners' capital for the year ending December 31, 2013.

  Determining annual cash flows for the investment

The Keego Company is planning a $200,000 equipment investment which has an estimated five-year life with no estimated salvage value. The company has projected the following annual cash flows for the investment.

  Function of indicating credit approval

For most firms, the function of indicating credit approval is recorded on the:

  Proble related to property management firm

She has a property management firm make all management decision for her. During 2010 she incurred a loss, for tax purposes, of 30,000 on the office building. How must Mary Beth treat this on her 2010 tax return?

  Preferred stock or common stock as an investmen twhy

Write a 500 - to 800-word paper explaining why preferred stock is referred to aspreferred and what some of the features added to preferred stock are that make it more attractive to investors. Would you select preferred stock or common stock as..

  Identify and classify the types of expenses associated with

in this assignment you will use the internet and other sources to gather and interpret information related to service

  Considering investing in a new manufacturing plant

Braddock Industries is considering investing in a new manufacturing plant. The plant requires an item of equipment that costs $200,000. In addition

  Calculating amount of deductible expenses

Jimmy owns a trucking business. During the current year he incurred the following:

  Journalize the six entries that adjust the accounts

Journalize the six entries that adjust the accounts at December 31. One of the accounts was affected by two different adjusting entries.

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