User Account

All Pages

How do calculate the variances under three variance method

Assignment Help Financial Accounting
Reference no: EM132690312

MAD Inc. produces a single product at the following standard factory overhead costs:

Fixed overhead (3 hours @P5/hr) P15

During the month, MAD Inc. produced 1,100 units and incurred the following overhead costs:

Variable overhead (3,250 hours @ P14.50/hr) P47,125
Fixed overhead - P16,000
Required:

Problem 1: Calculate the variances under:

Two variance method
Three variance method (SVV and SIE)
Four variance method

 

Reference no: EM132690312

Questions Cloud

Prepare the bottom portion of pearl income statement : Prepare the bottom portion of Pearl's 2018 income statement, beginning with "Income from continuing operations before income taxes
What are expected profits : If total revenue in 2020 is expected to be $1,797,093, what are expected profits in 2020 [round the CM or CM rate to two decimal places]
What must fixed selling and administration : The accountant is uncertain about her $12,600 fixed selling and administration estimate. What must fixed selling and administration be in 2020
What are the importance of erp system for businesses : The Green Grocer has has decided to opt for an ERP system. What are the importance of ERP system for businesses and how it will benefit the Green Grocer
How do calculate the variances under three variance method : Calculate the variances under Three variance method (SVV and SIE).MAD Inc. produces a single product at the following standard factory overhead costs
How much money they raise today per bond : The bond will mature in 140 years. Assume an annual effective discount rate of 8%. How much money can they raise today per bond?
Find what is the irr of the project : The cash flows are expected to grow at 3% per year, and the project is expected to last forever. What is the IRR of the project?
Determine how much manufacturing overhead was applied : At Marlin's biscuit factory, manufacturing overhead is applied based on direct labor cost. How much manufacturing overhead was applied?
What is the total manufacturing overhead applied to the job : What is the total manufacturing overhead applied to this job? Tomcat Inc. makes drones. It has two manufacturing departments - processing and finishing.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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