User Account

All Pages

What is the variable overhead rate variance

Assignment Help Managerial Accounting
Reference no: EM133132017

Question - ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc. had budgeted $27,000 for fixed overhead. Actual machine hours were 5,000. Standard hours for units made were 4,800. The standard variable overhead rate was $4.10. What is the variable overhead rate variance?

Reference no: EM133132017

Questions Cloud

Keds-the traditional maker of white canvas tennis : Keds-the traditional maker of white canvas tennis shoes-was near oblivion in the early 1980s because competitors like Nike, Reebok, Adidas, and Brooks took away
Journalize the adjusting entry to record payables accrued : A company pays its employees every other Friday, with daily wages of $340, including weekends. Journalize the adjusting entry to record the payables accrued
What role do parents have in the guidance pyramid : What role do parents have in the Guidance Pyramid? How does the physical classroom environment affect children's behavior?
Construct the hospital base case projected p-l statement : The hospital expects to have a patient load of 15,000 inpatient days next year. Construct the hospital's base case projected P&L statement
What is the variable overhead rate variance : Standard hours for units made were 4,800. The standard variable overhead rate was $4.10. What is the variable overhead rate variance
What is the break-even point in bags : United Snack Company sells 50-pound bags of peanuts to university dormitories for $56 a bag. What is the break-even point in bags
Perform a variety of activities and transactions in xero : Overview of the Xero Accounting Software by completing a one-month accounting cycle for a fictional business
Determine the corporation will have a refund or income tax : YZ Corporation's net income subject to normal tax for taxable year 20X1 is $260,000. Determine if the corporation will have a refund or income tax payable
Marginal cost schedules : In the same market, three sellers (John, George, and Ringo) have the marginal cost (MC) schedules shown below.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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