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Katen [24]
3 years ago
14

Branch Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour $5.00 Actual fixed

overhead $305,000 BFOH $300,000 Actual production in units 16,000 Standard hours allowed for actual units produced (SH) 64,000 Required Enter amounts as positive numbers and select Favorable (F) or Unfavorable(U). 1. Using the columnar approach, calculate the fixed overhead spending and volume variances. (1) (2) (3) Spending Volume 2. Using the formula approach, calculate the fixed overhead spending variance. $ 3. Using the formula approach, calculate the fixed overhead volume variance. $ 4. Calculate the total fixed overhead variance. $
Business
1 answer:
Liula [17]3 years ago
5 0

Answer:

1. $5000 unfavorable

2. 3000 hrs favorable

Explanation:

Fixed Overhead spending variance

Budgeted fixed overhead - Actual fixed overhead

$300,000 - $305,000

= $5,000 unfavorable

Fixed Overhead volume variance

Actual volume = actual fixed overhead / Actual fixed overhead per hr

= $305,000 / $5

= 61000 hrs

(Budgeted volume - Actual volume) * budgeted rate

64000 hrs - 61000 hrs

= 3000 hrs favorable

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Marta's boss tells off-color jokes and tolerates sexually based teasing by male employees of women employees. when she complains
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First, it is an example of POOR MANAGEMENT. The whole scenario is an example of sexual harassment.
She can do three things; report it higher and risk retaliation, accept it as joking, and lastly LEAVE, get another job.
3 0
4 years ago
A $75,000 loan requires a $1,875 discount point to be paid by seller and a $375 discount point to be paid by the buyer. This is
wariber [46]

Answer:

C. 3%

Explanation:

Given that

I = 1875 + 375 = 2250

V = 75000

Recall that,

I/V = R

So,

= 2250/75000

= 0.03

To percentage = 0.03 × 100

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4 0
3 years ago
Dellarocco Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost
denis-greek [22]

Answer:

Option (a) $17,000 U

Explanation:

Data provided in the question:

Budgeted fixed manufacturing overhead = $355,740

Budgeted hours = 49,000 labor-hours

Actual fixed manufacturing overhead = $372,740

Actual hours = 45,600 labor-hours

Now,

The fixed overhead budget variance

= Budgeted fixed manufacturing overhead - Actual fixed manufacturing overhead

= $355,740 - $372,740

= - $17,000

Here negative sign mean the Unfavorable

Hence,

Option (a) $17,000 U

6 0
3 years ago
Explain five reasons that may cause a company to redeem its own shares ​
pochemuha
- Companies buyback shares for a variety of reasons, including firm consolidation, increased equity value, and to appear more financially appealing.


-The disadvantage of buybacks is that they are frequently financed with debt, putting a burden on cash flow.


-Stock repurchases can have a modestly favorable impact on the economy as a whole.
4 0
2 years ago
In a lump-sum purchase of assets, the cost must be allocated to the individual assets because:______
vlada-n [284]

In a lump-sum purchase of assets, the cost must be allocated to the individual assets because every individual asset has a different useful life and different depreciation rate. Depreciation is the methodical distribution of an asset's depreciable value over the course of its useful life.

The cost of an asset, or another quantity substituted for cost, less its residual value, is its depreciable amount. Depreciation can take many different forms, including  the accelerated and the straight-line depreciation.

An accountant records depreciation for all the capitalized assets that have not yet been fully depreciated at the conclusion of an accounting period.

To learn more about depreciation, click here

brainly.com/question/15085226

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4 0
2 years ago
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