Business, 22.11.2021 05:30 sharpeyennifer
Calculating the Fixed Overhead Spending and Volume Variances
Standish Company manufactures consumer products and provided the following information for the month of February:
Units produced 131,000
Standard direct labor hours per unit 0.20
Standard fixed overhead rate (per direct labor hour) $2.50
Budgeted fixed overhead $65,000
Actual fixed overhead costs $68,300
Actual hours worked 26,350
Required:
1. Calculate the fixed overhead spending variance using the formula approach.
$
Favorable
Unfavorable
2. Calculate the volume variance using the formula approach.
$
Favorable
Unfavorable
3. What if 129,600 units had actually been produced in February? What impact would that have had? Indicate what the new variances would be below.
Fixed Overhead Spending Variance $
Favorable
Unfavorable
Volume Variance $
Favorable
Unfavorable
Answers: 3
Business, 21.06.2019 21:50
The next dividend payment by savitz, inc., will be $2.08 per share. the dividends are anticipated to maintain a growth rate of 6 percent forever. if the stock currently sells for $42 per share, what is the required return?
Answers: 2
Business, 22.06.2019 16:30
Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
Business, 22.06.2019 19:10
Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production
Answers: 2
Calculating the Fixed Overhead Spending and Volume Variances
Standish Company manufactures consume...
Biology, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Geography, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
History, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Business, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Spanish, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Biology, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01
Chemistry, 18.09.2020 20:01
Mathematics, 18.09.2020 20:01