1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BartSMP [9]
3 years ago
11

Lopez computes its overhead rates using practical volume, which is 80,000 units. The actual results for the year are as follows:

(a) Units produced: 79,600; (b) Direct labor: 158,900 hours at $18.10; (c) FOH: $831,000; and (d) VOH: $112,400. Required: Compute the variable overhead spending and efficiency variances. Compute the fixed overhead spending and volume variances.
Business
1 answer:
Leya [2.2K]3 years ago
7 0

Answer:

Please see the attachment

Explanation:

Please see the attachment

Download pdf
You might be interested in
A truck costing $12,100, which has Accumulated Depreciation of $9,010, was sold for $2,010 cash. The entry to record this event
blagie [28]

Answer:

Loss of $1,080

Explanation:

The correct journal entries would be:

Dr     Accumulated Depreciation           9,010

Dr     Cash                                                2,010

Dr     Loss on sale                                    1,080

        Cr                Truck (Asset)                                    12,100

     

Thus, the correct answer is a loss of $1,080                                  

     

3 0
4 years ago
Gibson Valves produces cast bronze valves on an assembly line, currently producing 1560 valves per shift. If the production is i
dmitriy555 [2]

Answer:

the increased in the labor productivity is 23.08%

Explanation:

The computation of the increased in the labor productivity is given below;

= (Increase in production - current production) ÷ current production

= (1,920 valves - 1,560 valves) ÷ 1,560 valves

=  23.08%

hence, the increased in the labor productivity is 23.08%

Therefore the same should be considered

6 0
3 years ago
The key to any successful product promotion is selecting the right promotional mix. True False
elena-s [515]
True. In order to productively promote a product you need to know what characteristics to promote and how much in order to get more buyers attention. Please mark my answer brainliest so that I can move up to my next rank. Thank you and have a nice evening.
6 0
3 years ago
Information on Westcott Corporation's direct labor costs for a recent month follows: Standard direct labor rate $ 3.75 per hour
Sever21 [200]

Answer:

11,120 = actual hours

Explanation:

Giving the following information:

Standard direct labor rate $ 3.75 per hour

Total standard direct labor-hours allowed for the actual production 10,000 hours

Labor efficiency variance of $ 4,200 Unfavorable

To calculate the actual hours, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

-4,200= (10,000 - actual hours)*3.75

-4,200 = 37,500 - 3.75actual hours

-41,700= - 3.75 actual hours

-41,700/(-3.75)= actual hours

11,120 = actual hours

Direct labor time (efficiency) variance= (10,000 - 11,120)*3.75

Direct labor time (efficiency) variance= $4,200 unfavorable

3 0
4 years ago
Angela analyzes her personal budget and decides that she can reduce her recreational spending by $50 per month. how much will th
pshichka [43]
$600. You multiply the $50 she saves a month by 12 and that’s how much she saves in a year
6 0
3 years ago
Other questions:
  • A drawback to high-velocity, automated decision-making systems is that they are unable to
    10·1 answer
  • An example of short term investment goal would be saving for:
    7·1 answer
  • What should wedding-floral consultants always do?
    10·2 answers
  • Rahm's credit card issuer calculates interest based on the outstanding
    15·1 answer
  • The original capital that you deposit or invest is called the
    8·2 answers
  • Baker Corp. is required by a debt agreement to maintain a current ratio of at least​ 2.5, and​ Baker's current ratio now is 3. B
    6·1 answer
  • Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant jus
    10·1 answer
  • Mrs Blake is paid a weekly wage of $248. During a certain week she worked 5 hours
    9·1 answer
  • Thornbrough Corporation produces and sells a single product with the following characteristics: Per Unit Percent of Sales Sellin
    7·1 answer
  • How does Maslow hierarchy of need help marketers to create various marketing strategies. Explain your answer with examples.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!