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Sucher Company uses a standard cost system in which manufacturing overhead costs are applied to units of product on the basis of standard machine-hours. The company's standards are based on variable manufacturing overhead of $3.2 per machine-hour and fixed manufacturing overhead of $306,800 per year. The denominator level of activity is 29,500 machine-hours. Standards call for 2.2 machine-hours per unit of output. Actual activity and manufacturing overhead costs for the year are given below:
What was the variable overhead rate variance? (Input the amount as positive value. Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
What was the variable overhead efficiency variance? (Input the amount as positive value.Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
What was the fixed manufacturing overhead budget variance? (Input the amount as positive value.Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
What was the fixed manufacturing overhead volume variance? (Input the amount as positive value.Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Show computations to value the ending inventory using the weighted-average cost method if 550 units remain on hand at October 31.
The 17,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $136,500.Calculate the following three overhead variances:
If a company failed to make the end-of-period adjustment to remove from the Unearned Management Fees account the amount of management fees that were earned, this omission would cause:
The 30,000 units can be sold at this stage for $750,000. Alternatively, it can be further processed at a $450,000 total additional cost and be converted into 6,000 units of Product B and 12,000 units of Product C. Per unit selling price for Produc..
During the year the City ordered and received $4,000 of supplies (of which $3,000 had been paid and $1,000 was unpaid) and had $500 of outstanding purchase commitments for supplies at year-end. In the Statement of Budget to Actual, the expenditure..
The comparative advantages and disadvantages of ideal versus normal standards.
jensen company has the following situationsales price 40 per unitvariable cost per unit 25 per unitfixed costs
McKinney Corporation had beginning retained earnings of $2,292,000 and ending retained earnings of $2,499,000. During the year they issued common stock totaling $141,000. What was their net income for the year?
Prepare the journal entries to record the above stock transactions.
write a thorough discussion of the following capital expenditure valuation methods payback discounted payback net
Since break-even focuses on making zero profit, is it of value in determining how many units must be sold to make a targeted profit? if so, what is it. I'm struggling to understand this. Examples would be great as references.
review the attached business scenario. pay particular attention to the facts of the case which would affect
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