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The following data are the actual results for Marvelous Marshmallow Company for October. Actual output ................................................................................................................................. 9,000 cases Actual variable overhead ................................................................................................................ $405,000 Actual fixed overhead ..................................................................................................................... $122,000 Actual machine time ...................................................................................................................... 40,500 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: Standard variable-overhead rate .................................................................................... $9.00 per machine hour Standard quantity of machine hours ............................................................................... 4 hours per case of marshmallows Budgeted fixed overhead ............................................................................................... $120,000 per month Budgeted output ........................................................................................................... 10,000 cases per month Required: 1. Use any of the methods explained in the chapter to compute the following variances. Indicate whether each variance is favorable or unfavorable, where appropriate.
a. Variable-overhead spending variance. b. Variable-overhead efficiency variance. c. Fixed-overhead budget variance. d. Fixed-overhead volume variance. 2. Build a spreadsheet: Construct an Excel spreadsheet to solve the preceding requirement. Show how the solution will change if the following information changes: actual output was 9,100 cases, and actual variable overhead was $395,000.
Also, compare and contrast between Balanced scorecard and Bench marking. Just compare and contrast nothing to do but need 3 or 4 reference form journal article.
Lester's Home Healthcare Services (LHHS) was organized on January 1, 2005, by four friends. Each organizer invested $10,000 in the company and, in turn, was issued 8,000 shares of stock.
If ABC Service collects $50,000 from customers on account: a) total assets are unchanged b) liabilities increases c) owners equity decreases d) onwers equity increases
On Oct. 29 of the current year, a company concluded that a customer's $4,400 account receivable was uncollectible and that account should be written off. What efect will this write-off have on this company's net income and total assets assuming th..
The tax rate in Sweden is 55%. There is an additional shipping charge of $50 per unit to ship the material to Sweden. Transfer prices must be set at U.S. manufacturing cost or the selling price in the U.S.
Mary, a single taxpayer with two dependent children, has the following items of income and expense during 2010:
Abbey Ltd purchased machinery on 1 October 2010 for $80 000. The estimated useful life of the machinery is 5 years, with an estimated residual of $5000. The entity's balance date is 30 June, and it uses the straight line method of depreciation. On..
find a journal article online about standard costing. in the subject line of your post include the title of the article
There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.
In 2001, Genentech had 535.3 million average common shares outstanding, actual shares outstanding at year-end of 528.3 million and reported earnings per share of $.28. Genentech's reported net income in 2001 equals
In the most recent month, Product D99P had sales of $33,000 and variable expenses of $15,840. Product G71P had sales of $42,000 and variable expenses of $4,410. The fixed expenses of the entire company were $49,790.
under the sarbanes-oxley act of 2002 sox all publicly traded u.s. corporations are required to maintain an adequate
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