(Answered) Question - coblentz fabrication corporation has a standard

Accounting

Question - Coblentz Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company's cost formula for variable manufacturing overhead is $6.20 per MH. The company had budgeted its fixed manufacturing overhead cost at $40,000 for the month. During the month, the actual total variable manufacturing overhead was $48,970 and the actual total fixed manufacturing overhead was $43,000. The actual level of activity for the period was 8,300 MHs. What was the total of the variable overhead spending and fixed overhead budget variances for the month?

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M93070258
Price:- $25

Verified Expert

Priced at $50 Now at $25, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - white corporation is a calendar-year taxpayer

Question - White Corporation is a calendar-year taxpayer. Wilhelmina owns all of its stock. Her basis for the stock is $25,000. On March 1 of the current year (not a leap year), White Corporation distributes $60,000 to W ...

Question - the will of the decedent established a trust for

Question - The will of the decedent established a trust for the benefit of his wife and two sons. The trust states that the trustee shall pay to the widow $25,000 a year and $12,500 a year to each of his two sons. There ...

Question - you would like to purchase a car with a list

Question - You would like to purchase a car with a list price of $30,000, and the dealer offers financing over a five-year period at 8%. If you decide to trade in your current car to help reduce the amount of financing r ...

Question define accounting and describe its role in

Question: Define accounting and describe its role in business.? Accounting, the language of business allows for the communication and distribution of information to owners, managers, and investors to evaluate a company's ...

Question - murphy self storage purchased land paying 175000

Question - Murphy Self Storage purchased land, paying $175,000 cash as a down payment and signing a $150,000 note payable for the balance. Murphy also had to pay delinquent property tax of $3,500, title insurance costing ...

Question use the amalgamated hat rack financial statements

Question: Use the Amalgamated Hat Rack financial statements, as detailed in Chapter 1 of the text, to answer the following questions: 1. How much is the Net Income for 2002? 2. List the two types of sales that the compan ...

Question - the machardee plumbing company has common stock

Question - The MacHardee Plumbing Company has common stock outstanding. The stock paid a dividend of $2.00 per share last year, but the company expects that earnings and dividends will grow by 25% for the next two years ...

Question - splish company purchased equipment on january 2

Question - Splish Company purchased equipment on January 2, 2013, for $ 111,400. The equipment had an estimated useful life of 5 years with an estimated salvage value of $ 12,400. Splish uses straight-line depreciation o ...

Question - tb nelson company prepares monthly financial

Question - TB Nelson Company prepares monthly financial statements and uses the gross profit method to estimate ending inventories. Historically, the company has had a 40% gross profit rate. During June, net sales amount ...

Question -sept 1 - the company sold shares of common stock

Question - Sept. 1 - The Company sold shares of common stock for $30,000 cash. Sept. 1 - The Company purchased a one-year insurance policy for $300 in cash. Sept. 1 - The Company purchased office equipment costing $8,000 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert