Business
Business, 16.04.2021 03:50, kodyclancy

Variable overhead is applied based on direct labor hours. The variable overhead rate is $20 per direct-labor hour. The fixed overhead rate (at the master budget level of activity) is $10 per unit. All non-manufacturing costs are fixed and are budgeted at $1.2 million for the coming year. At the end of the year, the costs analyst reported that the sales activity variance for the year was $270,000 unfavorable. The following is the actual income statement (in thousands of dollars) for the year. Sales revenue $ 7,238 Less variable costs Direct materials 748 Direct labor 1,010 Variable overhead 930 Total variable costs $ 2,688 Contribution margin $ 4,550 Less fixed costs Fixed manufacturing overhead 1,050 Non-manufacturing costs 1,230 Total fixed costs $ 2,280 Operating profit $ 2,270 Required: What are the fixed overhead price and production volume variances for Paynesville

answer
Answers: 2

Other questions on the subject: Business

image
Business, 23.06.2019 02:50, shay03littletop5kx2p
In the market for lock washers, a perfectly competitive market, the current equilibrium price is $5 per box. washer king, one of the many producers of washers, has a daily short-run total cost given by tc = 190 + 0.20q + 0.0025q2, where q measures boxes of washers. washer king's corresponding marginal cost is mc = 0.20 + 0.005q. how many boxes of washers should washer king produce per day to maximize profit?
Answers: 1
image
Business, 23.06.2019 07:00, TheMixingToad
Will mark you the which of the following groups has caused ongoing conflicts in afghanistan? a. the sinhalese majority b. natalitesc. kashmir sikhsd. the taliban
Answers: 2
image
Business, 23.06.2019 08:10, lexybellx3
Suppose that in the year 2020 the price level in the fictional country of demet is 100, and the governement is considering
Answers: 2
image
Business, 23.06.2019 11:00, Jackierose2004
Comparative financial statements for weller corporation, a merchandising company, for the year ending december 31 appear below. the company did not issue any new common stock during the year. a total of 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio
Answers: 3
Do you know the correct answer?
Variable overhead is applied based on direct labor hours. The variable overhead rate is $20 per dire...

Questions in other subjects:

Konu
Social Studies, 02.10.2021 07:40
Konu
Chemistry, 02.10.2021 07:40