What was the overall fixed manufacturing overhead volume

Assignment Help Financial Management
Reference no: EM132326223

Question

Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below:

Original BudgetActual CostsVariable overhead costs: Supplies$5,800 $5,990 Indirect labor 10,520 9,870 Fixed overhead costs: Supervision 13,610 14,290 Utilities 12,900 12,950 Factory depreciation 54,320 53,590 Total overhead cost$97,150 $96,690

The company based its original budget on 5,900 machine-hours. The company actually worked 5,860 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 5,790 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month?

Reference no: EM132326223

Questions Cloud

The overall fixed manufacturing overhead volume variance : In the most recent month, the total actual fixed manufacturing overhead was $27,230 and the company actually worked 5,230 machine-hours during the month.
Examine the factors that contribute to the ethical challenge : Examine the factors that contribute to the ethical challenge and how it might affect the organization. Explain how you, as a leader, will support and guide the.
The markup on absorption cost for this product would be : The company's selling and administrative expenses for this product are budgeted to be $1,913,000 in total for the year.
Explain how deflection in beams affect structural stability : Explain how deflection in beams affect structural stability. Discuss the statutory requirements to ensure safety in structural designs
What was the overall fixed manufacturing overhead volume : The standard hours allowed for the actual output of the month totaled 5,790 machine-hours. What was the overall fixed manufacturing overhead volume variance?
How does the society define archaeology in brief : How does that society define archaeology and how does that definition relate to what you thought about archaeology? Report on the activities of that society.
The target cost per crepe maker is closest to : At a selling price of $34 per unit, management projects sales of 74,000 units. Launching the crepe maker as a new product would require.
Compare views of anselm and gaunilo regarding argument : Compare, contrast, and evaluate the views of John Searle and Rene Descartes on dualism. Explain, compare, and contrast the views of Anselm and Gaunilo regarding
What is the key driver of value creation : What is the key driver of value creation in the consultant-client relationship?

Reviews

Write a Review

Financial Management Questions & Answers

  Expected capital gains yield for each of these four stocks

What is the dividend yield for each of these four stocks? What is the expected capital gains yield for each of these four stocks?

  Liquidity preference theory explains shape of yield curve

Briefly discuss how the liquidity preference theory explains the shape of the yield curve.

  Prepare next years financial plan and operational budget

Prepare next year's financial plan and operational budget. How the new services will impact revenue. Increase in revenue reimbursement.

  What is market risk premium

Asset W has an expected return of 16.3 percent and a beta of 1.60. If the risk-free rate is 3.2 percent, what is the market risk premium?

  In what country would you choose to borrow

In what country would you choose to borrow? In which would you choose to lend?

  What are the arithmetic and geometric average returns

What are the arithmetic (AAR) and geometric (GAR) average returns for the stock?

  Maintained corporate bank accounts

In 2000, Jack and his two adult sons, Jim and Joe, created a corporation, Jack & Sons, Inc, with each as a shareholder and director.

  What is an estimate of growth company cost of equity

Growth Company's current share price is $20.30 and it is expected to pay a $1.10 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 4.2% per year. What is an estimate of Growth Company's cost of equity? G..

  Assumptions underlying sales mix and cost volume profit

What are the assumptions underlying sales mix and cost volume profit that are potentially misleading?

  What is the return to the investor

Assume that Vogl stock is priced at $50 per share and pays a dividend of $1 per share. - If, after one year, the stock is sold at a price of $60 per share, what is the return to the investor?

  What are the tax consequences associated with liquidation

What are the tax consequences associated with the complete liquidation of a corporation? The response paper should be in APA format, double spaced.

  What is the price-sales ratio if the stock has a book value

Blasco International has sales of $389,700 and net earnings income of 144,000. The company has 120,000 shares outstanding. What is the price-sales ratio if the stock has a book value of $19.20 per share and a market value per share of $8.60? If the a..

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