User Account

All Pages

What is the spending variance for utilities

Assignment Help Accounting Basics
Reference no: EM131619540

Problem - Deluca Manufacturing prepared the following cost control report for the prior month:

Planning Budget

Actual Results

Variances

Direct labor hours

30,000

33,000

Direct materials

$45.000

$55,000

$10,000   U

Direct labor wages

$480,000

$520.000

$40,000  U

Maintenance

$125,000

$136,000

$11,000   U

Utilities

$82,000

$86,000

$4,000   U

Rent

$65,000

$65,000

$0

Depreciation

$27.000

$27 000

$0

Total:

$824,000

$889.000

$65,000     U

Direct materials and direct labor wages are variable costs; rent and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $35,000: the fixed component of the budgeted utilities cost is $13,000.

What is the spending variance for Utilities?

a. $6.900 F

b. $6,900 U

c. $2.900 F

d. $2,900 U

Reference no: EM131619540

Questions Cloud

Determining the cross-sectional area : The density of steel is 7860 kg/m3. Note that this value is not the linear density of the cable. At what speed does a transverse wave move along the cable?
What is the value of call option : What is the value of a call option if the underlying stock price is $116, the strike price is $110, the underlying stock volatility is 40 percent,
Identify and describe the stages of team development : How might stronger team skills benefit you? How might you use teamwork skills in your job? Provide specific examples.
What are the events activities and state variables in system : A simulation is to be conducted of cooking a spaghetti dinner to discover at what time a person should start in order to have the meal on the table by 7:00 PM.
What is the spending variance for utilities : Deluca Manufacturing prepared the following cost control report for the prior month: What is the spending variance for Utilities
How many homeless are there in los angeles : How many homeless are there in Los Angeles? Who are they e.g., women, children, families, mentally ill?
Describe how the firm prices its revenues and costs : In terms of currency denomination, describe how the firm prices its revenues and costs. What means do they use to hedge against exchange rate risk?
Compute the average translational kinetic energy of a single : Compute the average translational kinetic energy of a single radon molecule that is absorbed on the surface at room temperature (20° C)?
European put option on stock : A European put option on a stock with 50 days until expiration has an exercise price of $80. The underlying stock is trading at $65 and the risk-free rate is 4%

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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