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
mestny [16]
3 years ago
9

Colina Production Company uses a standard costing system. The following information pertains to the current year. Direct labor h

ours is the driver used to assign overhead costs to products. Actual production 5,500 units Actual factory overhead costs ($16,500 is fixed) $40,125 Actual direct labor costs (11,250 hours) $131,625 Standard direct labor for 5,500 units: Standard hours allowed 11,000 hours Labor rate $12.00 The factory overhead rate is based on an activity level of 10,000 direct labor hours. Standard cost data for 5,000 units is as follows: Variable factory overhead $22,500 Fixed factory overhead 13,500 Total factory overhead $36,000
What is the variable overhead efficiency variance for Colina Production Company?

a.$562.50 (U)

b.$1,687.50 (F)

c.$562.50 (F)

d.$3,000.00 (U)
Business
1 answer:
mash [69]3 years ago
3 0

Answer:

variable overhead efficiency variance= $562.5 unfavorable

Explanation:

Giving the following information:

The actual production of 5,500 units

Actual direct labor hours= 11,250

Standard direct labor for 5,500 units:

Standard hours allowed 11,000 hours

First, we need to determine the variable overhead rate:

Variable overhead rate= 22,500/10,000= $2.25 per direct labor hour

Now, using the following formula we can determine the variable overhead efficiency variance:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

variable overhead efficiency variance= (11,000 - 11,250)*2.25

variable overhead efficiency variance= $562.5 unfavorable

You might be interested in
When price increases, quantity supplied
CaHeK987 [17]

Answer:

Why does quantity supplied increase when price increases? With increase in Price, Suppliers will provide a higher Quantity. If the Price is set above the Equilibrium Price, then the Quantity Supplied will be higher than the Quantity Demanded and there will be a surplus which will drive the Price back to the Equilibrium Price.

Explanation:

6 0
2 years ago
Describe a product that you think has saturated its market
kaheart [24]

Explanation; A product is said to have reach its saturation point if such a product is no longer generating new demands due to factors such as competition, decreased need, obsolescence, etc.

4 0
3 years ago
Lang Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. The sum of the fair val
12345 [234]

Answer: discount on bonds payable

Explanation:

Based on the information given, since the sum of the fair value of the warrants and the face amount of the bonds exceeds the cash proceeds, then the excess will be reported as the discount on bonds payable.

The discount on the bonds payable occurs in a scenario whereby the bonds are issued for a lesser amount than their face or their maturity amount.

The reason for this is when the bonds have a stated interest rate that is smaller than market interest rate for similar bonds.

6 0
3 years ago
80 points! Please help!! You have been invited to give a speech at a local restaurant. The person who is hosting the event has a
lesya [120]

Answer:

I would think about what I could use to get my audiences attention and something that would be interesting for everyone so that everyone can learn something.

Explanation:

5 0
3 years ago
Which of the following can help a business monitor quantitative business factors?
Georgia [21]

This system can help a business monitor quantitative business factors

Inventory and transaction systems

Explanation:

The Inventory and transaction systems are usually there to report on the tangible benefits of the transaction that are being made and the commerce that is happening for the business over all.

These inventories are thus to be deigned and computed in the manner that would best align with the interest of the company and the firm that is needed for the quantitative business.

Quantitatively, one would need substantial data and this can provide it well.

3 0
3 years ago
Other questions:
  • Crab Cakes Ltd. has 5million shares of stock outstanding at $15 per share and an issue of $10million in 10 percent, annual coupo
    13·1 answer
  • After completing the research process, writers should include their findings by
    5·1 answer
  • The sarbanesminus−oxley act of 2002 resulted in​ ________.
    15·1 answer
  • A house and lot can be acquired by a down payment of P338,458 and a yearly payment of P71,335 at the end of each year for a peri
    12·1 answer
  • Dominic is looking over his spending pattern for the past week to try to determine how much money he had on Sunday. This is Domi
    11·1 answer
  • A portfolio consists of three index funds: an equity index, a bond index, and an international index. The portfolio manager chan
    5·1 answer
  • Based on the following information, what amount would be subtracted from the bank balance side of a checking account reconciliat
    14·1 answer
  • Which of the following measures the relationship between cost of merchandise sold and the amount of inventory carried during the
    13·1 answer
  • The president of Deal Corporation wrote to Boyd, offering to sell the Deal factory for $300,000. The offer was sent by Deal on J
    11·1 answer
  • Acellus: into to accounting ?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!