Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Three-Variance Analysis Use the following data for Marilyn, Inc.
Actual total cost for direct labor
$86,800
Total direct labor hours worked
14,000
Total standard labor hours for the output in April
15,000
Direct labor rate variance-unfavorable
$2,800
Actual total overhead cost
$32,000
Budgeted fixed overhead cost
$9,000
Practical capacity, in hours
12,000
Total overhead application rate per standard direct labor hour
$2.25
Required: Use a model similar to the one presented in text Exhibit to perform a three-way breakdown of the total overhead variance, as follows:
1. Overhead spending variance.
2. Variable overhead efficiency variance.
3. Production-volume variance
4. Prepare a reconciliation of results from the two-variance and three-variance approaches.
Jones Company has decided to self insure the risk of losses related to auto insurance claims. Under state law, Jones is allowed to post a $100,000 bond with the state insurance commission to cover liability losses from at fault auto accidents instead..
The following data have been taken from the budget reports of Sequioia Company, a merchandising company, which purchases merchandise inventory and sells to customers. The information on the sales to customers and the purchase of the inventory is give..
Campbell runs a clothing store and has produced the following trial balance for the year ended 31st March 2012. The trial balance produced does not balance and he has asked for your help.
Compute Gross and Net Sales for March and compute the March 31 ending merchandise inventory value.
You have been asked to prepare a memo explaining the process and address concerns using citations from authoritative auditing literature.
What do these results tell you? Which of the results surprise you the most? Which of the results surprise you the least? Explain.
Identify the major differences between these two firms in the composition of current assets. Try to explain these differences in terms of the types of goods and services that each company produces.
Illustrate what is the largest variable cost per carton that can be paid and still achieve a profit of $1million.
Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows: Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing items. ..
Peterson Company incurred the following high and low maintenance costs totals during 2010: $370,000 at 20,000 units of activity during March and $274,000 at 12,000 units during August. Instructions: Use the high-low method to compute the variable cos..
Identify alternative revenue recognition criteria that Uddin could employ concerning textbook sales - briefly discuss the reasoning
Abbey is to receive an annual interest allowance of 10% of their beginning-year capital investment, and any REMAINING income or loss is to be shared equally. Determine balances of the partners CAPITAL accounts as of December 31, 2011
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd