3 years ago

Who is Patrick Jorgenson? What does he do for a living?

Business

1 answer:

Reika [66]3 years ago

7 0

Answer:

I think you mean Patrick Jørgensen

Explanation:

He is a musical artist and if you don't mean Patrick Jørgensen I'm sorry

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D. Materials, 100%; conversion cost, 60%.

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<em>The above is actually the best option which would be used to calculate the correct number of equivalent units in the ending work-in-process inventory.</em>

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3 years ago

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NeX [460]

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During the year, Octagon produced 8,000 units, used 24,000 direct labor hours, and incurred variable overhead of $120,000. Budge

Natali5045456 [20]

Answer:

Manufacturing overhead rate(spending) variance= $24,000 favorable

Explanation:

Giving the following information:

Actual direct labor hours= 24,000

Octagon produced 8,000 units and incurred a variable overhead of $120,000.

The hours allowed per unit are 2. The standard variable overhead rate is $3.00 per direct labor hour.

To calculate the variable overhead spending variance, we need to use the following formula:

Manufacturing overhead rate(spending) variance= (standard rate - actual rate)* actual quantity

Actual rate= 120,000/24,000= 5

Manufacturing overhead rate variance= (6 - 5)*24,000

Manufacturing overhead rate variance= $24,000 favorable

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3 years ago