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Dimas [21]
3 years ago
14

At the beginning of the year, Zinc Inc. estimated that overhead would be $115,000 and direct labor hours would be 23,000. At the

end of the year, actual overhead was $175,900 and there were actually 35,000 direct labor hours.
What is the overhead variance?

a. $900 underapplied
b. $300 underapplied
c. $700 overapplied
d. $600 overapplied
e. $800
Business
1 answer:
Basile [38]3 years ago
6 0

Answer:

a. $ 900 underapplied

Explanation:

Based on the data provided we conclude that the factory overhead is applied on the basis of direct labour hours.

Determination of Overhead rate

Estimated overhead                                                             $ 115,000

Direct labour hours                                                                  23,000 hours

Overhead rate per direct labor hour is $ 115,000/ 23,000 = $ 5 per direct labor hour

Amount of applied overhead = Direct Labor hours * Overhead rate per hour

Applied Overhead = $ 5 * 35,000                                        $ 175,000

Actual Overhead                                                                    <u>$ 175,900</u>

Underapplied Overhead                                                        $(     900)

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Explanation:

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11   men            22 vanities per week

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If the company uses 1 man more produces 2 vanities more, so the company spends $1000 on the extra man and makes 2*$800= $1,600 (for two extra vanities). For the 11th worker, the marginal profit is = $1600-$1000= $600

6 0
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Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
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Answer:

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Explanation:

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Add: Deposit in transit          <u>                   $ 7,350</u>

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<u>Less: Outstanding check                        $(5,800)</u>

Adjusted cash balance                          $23,387

Cash balance as of August 31                $22,662

Add: Collection of Note receivable     <u>   $     870</u>

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3 years ago
In order to make sure it is possible to clean the floors under shelving units in food establishments, the shelves must be at lea
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Employers are generally allowed to deduct reasonable compensation paid to employees, but the level of deductible compensation is
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Answer:

1 million.

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Answer:

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