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
TEA [102]
3 years ago
8

Beverly Company has determined a standard variable overhead rate of $1.25 per direct labor hour and expects to incur 1 labor hou

r per unit produced. Last month, Beverly incurred 1,900 actual direct labor hours in the production of 2,000 units. The company has also determined that its actual variable overhead rate is $1.20 per direct labor hour. Calculate the variable overhead rate and efficiency variances also indicate if the variable are favorable or unfavorable the total amount of over- or underapplied variable overhead.
Business
1 answer:
Elan Coil [88]3 years ago
7 0

Answer:

(i) 95 (F)

(ii) 125 (F)

(iii) 220 (Overapplied)

Explanation:

Variable Overhead Rate Variance:

= Actual Hours × (Actual Rate - Standard Rate)

= 1,900 × ($1.20 - $1.25)

= 95 (F)

Variable Overhead Efficiency Variance:

= Standard Rate × (Actual Hours - Standard Hours)

= $1.25 × (1,900 - 1 × 2,000)

= 125 (F)

Over- or Underapplied Variable Overhead:

= Actual Overhead Incurred - Overhead Applied

= (1,900 × $1.20) - (2,000 × $1.25)

= 220 (Overapplied)

You might be interested in
Where should you keep your personal papers during driving your Uber shift
Savatey [412]
I would say hide it under your seat or between your seat. or your trunk
8 0
3 years ago
Apple anticipates it will sell 100,000 units in the coming year. It is considering investing in a new machine that will increase
Vilka [71]

Incomplete question. However, it would be inferred you want to know the requirements to calculate net income.

<u><em>Explanation</em></u>:

Remember, net income is total revenue minus total cost. Since Apple anticipates selling 100,000 units, if we assume the fixed cost to be $2,400 and the variable cost $34, and selling price unit is $150.

  • Total cost= 2400+ (34*100,000)= 3,400,000
  • Total Revenue= 150*100,000= $15,000,000
  • Net income= 15,000,000-3,400,000= $11,600,000

The Net income is therefore $11,600,000.

7 0
3 years ago
Which special advertising category has the objective of increasing visibility and increasing store traffic
TEA [102]
Bruh what is you talking bout I ain’t never seen to pretty best
5 0
2 years ago
Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?
Georgia [21]

Answer and Explanation:

c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.

5 0
3 years ago
What makes the demand for u. s. dollars change? in world demand for u. s. exports ______ the demand for u. s. dollars. a in the
loris [4]

In the world demand for US, exports <u>increase</u> the demand for US dollars. a in the US interest rate differential <u>decreases</u> the demand for US dollars

An interest rate tells you how excessive the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest charge is the quantity you're charged for borrowing cash, proven as a percentage of the total amount of the mortgage.

Traditionally, the guideline of thumb is that refinancing is a superb idea if you can reduce your interest rate by way of a minimum of 2%. but, many creditors say 1% financial savings is sufficient of an incentive to refinance.

As interest rates circulate up, the value of borrowing becomes more costly. because of this call, lower-yield bonds will drop, causing their price to drop. As interest prices fall, it will become less complicated to borrow money, and plenty of corporations will issue new bonds to finance growth.

Learn more about interest rates here brainly.com/question/2151013

#SPJ4

5 0
1 year ago
Other questions:
  • "Paco is considering the purchase of a used car. Paco currently has excess monthly cash flow of $490 available for vehicle payme
    9·1 answer
  • What happens to the equilibrium price when supply go down
    15·1 answer
  • Why do we use trade barriers? What is the purpose?
    14·1 answer
  • To automate one of its production​ processes, the Milwaukee Corporation bought three flexible manufacturing cells at a price of
    10·1 answer
  • The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale
    7·1 answer
  • In 3–10 sentences:
    13·2 answers
  • Ravonette Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par value preferred stock for a lump
    12·1 answer
  • ______________is the exercise of individual judgement, instead of formal rules, in making decisions.
    15·1 answer
  • Mary Walket, president of Rusco Products, considers $14,000 to be the minimum cash balance for operating purposes. As can be see
    11·1 answer
  • 16) margin company has total fixed costs of $360,000 and variable costs of $14 per unit. if the unit sales price is reduced from
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!