Montour company has determined a standard variable overhead

Assignment Help Accounting Basics

Reference no: EM13571063

Montour Company has determined a standard variable overhead rate of $2.40 per direct labor hour and expects 1 labor hour per unit produced. Last month, Montour incurred 1,920 actual direct labor hours in the production of 2,020 units. The company has also determined that its actual variable overhead rate is $2.50 per direct labor hour.

Required:

Calculate the variable overhead rate and efficiency variances as well as the total amount of over- or underapplied variable overhead.

Reference no: EM13571063

Questions Cloud

Alexis owns stock in a company which has consistently paid : alexis owns stock in a company which has consistently paid a growing dividend over the last 10 years. the first year

What is the possible meaning of the work what is the artist : research a contemporary artist on the art 21 pbs web site. see the resource list for this unit for access to the web

Products x y and z are produced from the same process at a : products x y and z are produced from the same process at a cost of 5200. five thousand pounds of raw material yields

Use the following information for equitable inc to answer : in applying the indirect method depreciation expense is.a. subtracted from net income because it is a non-cash

Montour company has determined a standard variable overhead : montour company has determined a standard variable overhead rate of 2.40 per direct labor hour and expects 1 labor hour

Murphy companys total liabilities on december 31 2012 : murphy companys total liabilities on december 31 2012 amounted to 1500000. the debt-to-equity ratio on this date was

Discuss a minimum of two reasons why jackson pollocks style : discuss a minimum of two reasons why jackson pollocks style of painting as exemplified by convergence is considered an

Clydesdale corporation has a cumulative temporary : clydesdale corporation has a cumulative temporary difference related to depreciation of 601000 at december 31 2012.

The costs that follow were extracted from the accounting : 1. product costs and period coststhe costs that follow were extracted from the accounting records of several different

User Account

All Pages