What is the variable overhead rate variances

Assignment Help Accounting Basics
Reference no: EM132435833

Question -

Given -

Budgeted production 5,100 drills

Standard machine-hours per drill 10.4 machine-hours

Standard indirect labor $10.20 per machine-hour

Standard power $3.80 per machine-hour

Actual production 5,300 drills

Actual machine-hours 36,750 machine-hours

Actual indirect labor $378,595

Actual power $137,200

What is the variable overhead rate variances for indirect labor and for power?

Reference no: EM132435833

Questions Cloud

Explain the immediate effect of her deposit : Assume that Jill deposits $20,000 in cash into Welcome National Bank and the central bank has set a required reserve ratio of 10%.
Discuss the suffragettes demonstrations and imprisonment : Why should today's women know about the Suffrage Movement and the women who brought us the first wave of feminist thought and action?
What is the corporate tax rate in the countries : What is the corporate tax rate in the countries you are considering expanding your business to, and how will that affect your decision to expand globally?
Government to seek contractionary fiscal-monetary options : We can expect damaging inflation to start to occur and the government to seek contractionary fiscal and monetary options.
What is the variable overhead rate variances : Standard machine-hours per drill 10.4 machine-hours. What is the variable overhead rate variances for indirect labor and for power
Discuss about the life of William Shakespeare : Discuss about the life of William Shakespeare.research William Shakespeare - his plays, his life ,his influence on theatre, history
Statistical thinking in health care : Ben Davis had just completed an intensive course in Statistical Thinking for Business Improvement, Apply basic principles of statistical thinking to business.
Contractionary fiscal and monetary options : We can expect damaging inflation to start to occur and the government to seek contractionary fiscal and monetary options.
Does a citizen owe ultimate loyalty to a state : Should citizens have the right to rebel against a government that rules by tyranny? Should "enemies" of the state be made example of?

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