What is the actual factory overhead measured in March

Assignment Help Accounting Basics
Reference no: EM133060794

Question 1 - Spiral Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory overhead rate of P4 per direct labor hour. The direct labor hours for March production was 13,000. An analysis of the factory overhead indicates that in March, Spiral had an unfavorable spending variance of P1,000 and an unfavorable volume variance of P500. What is the actual factory overhead measured in March?

1. P 122,000 2. P 122,300 3. P 123,000 4. P 121,500

Question 2 - Spiral Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory overhead rate of P4 per direct labor hour. The direct labor hours for March production was 18,000. An analysis of the factory overhead indicates that in March, Spiral had an unfavorable spending variance of P1 ,000 and an unfavorable volume variance of P500. What is the applied factory overhead measured in March?

1. P 122,500 2. P 123,000 3. P 122,000 4. P121,500

Reference no: EM133060794

Questions Cloud

What actions do you think is appropriate for security : What actions do you think is appropriate for security an organization regarding the insider threat?
What is the reasoning behind answer : You are the manager at a U.S based firm that exports parts to The U.K. Your boss asked you to generate a forecast on the British Pound for the next year to help
Determining the variance of the company returns : Smart Inc.'s stock has following returns over the past 4 years: 7 percent, 12 percent, -8 percent, and 20 percent. What was the arithmetic average return on the
Determining the firm cost of debt : An originally un-levered firm issued 5 year fixed-coupon bonds one year ago. The bonds' yield to maturity and coupon rate remain unchanged since last year.
What is the actual factory overhead measured in March : Spiral Company's budgeted fixed factory overhead cost is P50,000 per month. What is the actual factory overhead measured in March
Interpersonal Communication : Identify and define at least one regulative and constitutive rule for interacting in face-to-face situations, How do gender stereotypes factor into interaction?
Discuss the links between morale and performance : Identify the leadership factors most important to group morale and discuss the links between morale and performance.
Aim of working in the financial service industry : With the aim of working in the financial service industry, Articulate who your Natural market, First target market and Second target market will be.
Challenges of administrative leadership : We reviewed chief executives and the challenges of administrative leadership.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd