User Account

All Pages

What fixed overhead volume variance for hamilton pty ltd

Assignment Help Managerial Accounting
Reference no: EM132664413

Problem 1: Hamilton Pty Ltd uses a standard costing system for product costing. The company uses direct labour hours as the cost driver to apply overhead costs. The budgeted data indicates planned production of 50,000 units using 200,000 direct labour hours and fixed overhead of $600,000. The accountant provides the actual results of 48,000 units produced using 195,000 direct labour hours incurring fixed overhead of $610,000. What was the fixed overhead volume variance?

Select one:

a. $15,000 unfavourable
b. $25,000 favourable
c. $25,000 unfavourable
d. $15,000 favourable

Reference no: EM132664413

Questions Cloud

Various types of information systems in the enterprise : What are the challenges posed by the existence of various types of information systems in the enterprise?
What is information system : What is information system? Distinguish between a computer, a computer program, and an information system.
Determine the direct labour rate variance for chocolate pty : How do determine the direct labour rate variance. During the month 2,900 hours at a total cost of $17,400 were used to produce 1,000 units.
Explain why the statement of cash flows : Explain why the statement of cash flows provides useful information that goes beyond income statement and balance sheet data.
What fixed overhead volume variance for hamilton pty ltd : What was the fixed overhead volume variance? The company uses direct labour hours as cost driver to apply overhead costs. The budgeted data indicates planned
Summarize their argument for or against torture : Find an article discussing torture and summarize their argument for or against torture.
How evaluate the performance of a business unit manager : When management is using performance reports to evaluate the performance of a business unit manager, which of the following costs should be considered?
What are some of most significant health concerns : What are some of the most significant health concerns in your community? Are these concerns that are likely to be shared by other communities
Fnsinc401 apply principles of professional practice : FNSINC401 Apply principles of professional practice to work in the financial services industry Assignment Help and Solution - Identify some impacts

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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