Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert


The Ferris Company applies manufacturing overhead costs to products on the basis of standard direct labor-hours. The standard cost card shows that 3 direct labor-hours are required per unit of product. For August, the company budgeted to work 90,000 direct labor-hours and to incur the following total manufacturing overhead costs:

Total var mft OH cost $99,000
Total Fixed Mft oh cost $ 118,800

During August, the company completed 28,000 units of product, worked 86,000 direct labor-hours, and incurred the following total manufacturing overhead costs:

Total var mft OH cost $98,900
Total Fixed Mft oh cost $ 115,300


The denominator activity in the predetermined overhead rate is 90,000 direct labor-hours.

For August, the variable overhead rate variance is:
How you get the rate?

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M939554

Have any Question? 


Related Questions in Accounting Basics

Accounting chatchat 1300 words or lesswhat is the

Accounting Chat Chat #1 300 words or less What is the difference between cash and accrual basis of accounting? What kind of accounts are affected with adjustments? How to determine if an account or transaction is for a p ...

Accounting assignmentplease read the following points

Accounting Assignment Please read the following points carefully. o The assignment must be lodged using USQ's online submission system (MOODLE). o The assignment must be made by word processing software like MS Word (200 ...

Assignment discussion-ethical issuesreview the ethical

Assignment: Discussion-Ethical Issues Review the Ethical Issue: Dobbs Wholesale Antiques in chapter 5 (Page 317). address the following in your initial post: 1. Under Dobbs FOB policy, when should the company record a sa ...

The costs listed below relate to a variety of different

The costs listed below relate to a variety of different decision situations. Cost Decision 1. Unavoidable fixed overhead Eliminate an unprofitable segment 2. Direct labor Make or buy 3. Original cost of old equipment Equ ...

Q1- chart of accountsinnerscape interiors is owned and

Q1- Chart of accounts Innerscape Interiors is owned and operated by Jackie Vargo, an interior decorator. In the ledger of Innerscape Interiors, the first digit of the account number indicates its major account classifica ...

Problem-ccc has decided to carry and sell t-shirts with its

Problem- CCC has decided to carry and sell t-shirts with its logo printed on them. Journalize and post the following entries. You may need to create additional T accounts. Note that we will work a whole year's worth of p ...

Accounting papermany companies use leases to acquire higher

Accounting Paper Many companies use leases to acquire higher priced assets. Leasing is an important activity for many entities. Presently some leases are capitalized and some are treated as operating leases. Opponents of ...

Bull in the citation schusters express inc 66 tc 588 1976

• In the citation Schuster's Express, Inc., 66 T.C. 588 (1976), aff'd 562 F.2d 39 (CA-2, 1977), nonacq., to what do the 66, 39, and nonacq. refer? • Is there an automatic right to appeal to the U.S. Supreme Court? If so, ...

Question -owing to low liquidity lisa ltd decides on 1 july

Question - Owing to low liquidity, Lisa Ltd decides on 1 July 2015 to sell its land and buildings to Anderson Ltd. The carrying values of the land and buildings in the books of Lisa Ltd, at 1 July 2015, are: Land at Cost ...

Calculate and provide an interpretation of the financial

Calculate and provide an interpretation of the financial results of an organisation listed on the FTSE 100 using ratio analysis. Assignment Task: Choose two of the UK'S Top three Telecoms companies from the list provided ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate