What was the actual fixed overhead incurred for may

Assignment Help Accounting Basics
Reference no: EM13133454

Stoker Corporation applies fixed overhead at the rate of $0.65 per unit. For May, budgeted fixed overhead was $524,745. The production volume variance amounted to $5,070 unfavorable, and the price variance was $11,100 unfavorable.

Required:
(a) What was the budgeted volume in units for May?

Budgeted volume units

(b) What was the actual volume of units produced in May?

Actual volume units

(c) What was the actual fixed overhead incurred for May? (Omit the "tiny_mce_markerquot; sign in your response.)

Actual fixed overhead $

Reference no: EM13133454

Questions Cloud

Are three events pairwise-independent events : B is independent of C or not? Focus on probabilities assigned in the subsets, 0.05 is repeated in C, but 0.10 is repeated in B, so P(A∩C)=?
Discuss the validity and implications : When questioned by the auditors, the CFO of ABC, Inc. mentioned "An asset is just an expense waiting to happen." Discuss the validity and implications of this statement.
Determine the total bond interest expense to be recognized : Determine the total bond interest expense to be recognized over the bonds’ life. Prepare the first two years of an amortization table using the straight-line method.
Analysis of vectors : A river 35 m wide flows south at a speed if 15 m/s. What must be the velocity and heading of the boat if it is to move directly from the west bank to the east bank in 5 seconds?
What was the actual fixed overhead incurred for may : Stoker Corporation applies fixed overhead at the rate of $0.65 per unit. For May, budgeted fixed overhead was $524,745. The production volume variance amounted to $5,070 unfavorable, and the price variance was $11,100 unfavorable.
Find percentage of such males that weigh a given value : Find the percentage of such males that weigh between 190 and 210 lb. (Note: Make sure you choose the flag value closest to 190 and 210.) Give the proportion as a decimal rounded to thousandths.
How much of the dividend was distributed to preferred share : In 2007, Bell declared and paid dividends of $12,000. How much of the 2007 dividend was distributed to preferred shareholders?
Compute the variable overhead variance : Compute the fixed overhead variance. (Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input the amount as positive value. Do not round your intermediate calculati..
Compute the amount of fixed manufacturing overhead : Compute the amount of fixed manufacturing overhead that would be included in ending inventory under full absorption costing.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Result of receiving the group-term life benefit

Assuming that Gray is 52 years old, determine the monthly premium that Gray must include in income as a result of receiving the group-term life benefit?

  Amount of dividends received by the common stockholders

What is the amount of dividends received by the common stockholders in 2010?

  Problem related to traditional costing system

Globe uses a traditional costing system and assigns overhead based on direct labor hours. Each unit of B2 would be assigned overhead of:

  Using periodic system cost of goods purchased

Sampson Company's accounting records show the following for the year ending on December 31, 2010. Using the periodic system, the cost of goods purchased is?

  Economic entity assumption

The economic entity assumption states that economic events:

  Why does it not maintain funds for each of major functional

Upon examining the balance sheet of a large city, you notice that the total assets of the general fund far exceed those of the combined total of the city's ten separate special revenue funds.

  Differences between probability and non-probability sample

Discuss the differences between a probability and a non-probability sample. Under what circumstances would each be used?

  Purpose of the cut-off audit objective

What is the purpose of the CUT-OFF audit objective as applied to ACCOUNTS RECEIVABLE?

  Find different methods of setting internal transfer pricing

What is the difference between external and internal pricing? What factors must be considered when setting internal transfer pricing between company divisions? What are the different methods of setting internal transfer pricing? Which is the most ..

  Accounting roles-business organization

What is the difference between a role-based and principle-based system? Discuss Global Reporting initiatives, its purposes, the standard setting process and the use of its reporting system.

  What was the amount of hanson''s cost of goods sold

Hanson Company uses a periodic inventory system. For 2012, its beginning inventory was $74,000; purchases of inventory were $328,000; and inventory at the end of the period was $89,000. What was the amount of Hanson's cost of goods sold for 2012?

  Method to amortize bond premium of discount

On june 30, 2012, mackes company issued 5,000,000 face value of 13%, 20 year bonds at $5,376,150, a yield of 12%. Mackes uses the effective-interest method to amortize bond premium of discount. the bonds pay semiannual interest on june 30 and dece..

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