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slega [8]
3 years ago
13

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

ted variable overhead for the year was $90,000. The hours allowed per unit are 2. The standard variable overhead rate is $3.00 per direct labor hour. The variable overhead spending variance is:
Business
1 answer:
Natali5045456 [20]3 years ago
7 0

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
Team operating principles are sometimes included in a project charter to enhance team performance. Which of the following statem
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d. Operating principles increase team effectiveness and ensure that all parties are aware of what is expected.

Explanation:

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Principles of effective teamwork are:

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7 0
4 years ago
Read 2 more answers
Alan (27) and Kara (26) are married and filing a joint return. Both Alan and Kara were full-time students all year at State Coll
Tresset [83]

Answer:

AOLC_{Allan}=$2750

AOLC_{Kara}=$2475

AOLC_{Allan}=$1000

AOLC_{Kara}=$780

Explanation:

American Opportunity Learning credit.

First, assuming Allan and Kara are eligible, we must know how the two forms of credit work. For the American Opportunity Learning credit (AOLC), it is possible to receive 100% of the tax deduction for the first 2000 and then 25% of the deduction up to a maximum of 2500. So, the amount of the opportunity credit for Allan and Kara is given by:

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8 0
3 years ago
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3 years ago
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andrey2020 [161]

The required rate of return on the stock of CD will be 10.86%.

<h3>What is rate of return?</h3>

The capital gains made from investment in such asset class(s) over a specific period is the rate of return of such investment. In the above case, the rate of return using the given values will be,

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