What was the fixed overhead rate

Assignment Help Financial Accounting
Reference no: EM131202261

Desormeausx Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The budgeted fixed manufacturing overhead cost for the most recent month was $21,600 and the actual fixed manufacturing overhead cost for the month was $21,120. The company based its original budget on 5,400 machine-hours. The standard hours allowed for the actual output of the month totaled 5,850 machine hours.

a. What was the overall fixed manufacturing overhead budget variance for the month?

b. What was the fixed overhead rate

c. What was the volume variance.

Reference no: EM131202261

Questions Cloud

Opinion of the companys financial standing : Look up Starbucks on the internet. Look up Starbucks's financial statements. Find the balance sheet. What type of format does this company use for their balance sheet (classified or not)? Why do you think the company selected the format they did for ..
What would be the selling price of the bond : The stated rate of a three year $100,000 annual bond is 10%. The effective rate of interest is 9%. What would be the selling price of the bond? A three year $100,000 bond with a stated annual rate of 10% is sold for 95,000. What would be the journal ..
Compute the total tax liability : Ken Tremont and Tucker Bailey began a new consulting business on January? 1, 2015 . They organized the business as a C? corporation, KT, Inc. During 2015 ?, the corporation was successful and generated revenues of $ 1 comma 350,000 . KT had operating..
Constructions problem credit customers : On August 1, 2015, Hampton Construction received a 9 percent, six-month note receivable from Dusty Roads, one of Hampton Construction's problem credit customers. Roads had owed $31,400 on an outstanding account receivable. Assume that Dusty Roads pay..
What was the fixed overhead rate : Desormeausx Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The budgeted fixed manufacturing overhead cost for the most recent month was $21,600 and the actual fixed manufacturing overhead cost for the m..
The bonds were purchased to yield return : Jones Co. purchased $400,000 of 6-year, 10% bonds issued by Delk Corp. on 4/1/x1 for $437,541. The bonds were purchased to yield a return of 8%, and Jones will receive interest payments on 4/1 and 10/1. Jones classified this investment as Available-f..
Preferred stock is convertible into two shares common stock : Carrick Co. reported net income of $500,000 for 20x1. The company had 120,000 shares of $1 par common stock outstanding for the entire year. They also had 10,000 shares of 5%, $100 par preferred stock outstanding the entire year. Each share of prefer..
Fixed selling-administrative expenses are allocated equally : Following are the operating results of the two segments of Parklin Corporation: Segment A Segment B Total Sales $10,000 $15,000 $25,000 Variable costs of goods sold 4,000 8,500 12,500 Fixed costs of goods sold 1,500 2,500 4,000 Gross margin 4,500 4,0..
Determine the service-related revenues : The following are planned and actual revenues for Cutting Edge Surgery Center. Because they are one of four surgery centers in the community, the administrator is concerned with his rates in relation to those of his competitors. Determine the volume ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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