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
AVprozaik [17]
3 years ago
14

Porter Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product.

The allocation base for variable overhead costs is direct labor hours. At the beginning of the​ year, the static budget for variable overhead costs included the following​ data: Production volume 6 comma 400 units Budgeted variable overhead costs $ 13 comma 500 Budgeted direct labor hours​ (DLHr) 640 hours At the end of the​ year, actual data were as​ follows: Production volume 4 comma 200 units Actual variable overhead costs $ 15 comma 300 Actual direct labor hours​ (DLHr) 485 hours What is the variable overhead efficiency​ variance? (Round any intermediate calculations to the nearest​ cent, and your final answer to the nearest​ dollar.)
Business
1 answer:
kkurt [141]3 years ago
5 0

Answer:

1,370.85 Unfavorable

Explanation:

Standard rate :

= Budgeted variable overhead costs ÷ Budgeted direct labor hours

= $13500 ÷ 640

Direct labor hours = $21.09 per direct labor hour

Standard time to produce goods :

= Budgeted direct labor hours  ÷ Production volume

= 640 ÷ 6,400

= 0.10 hours

VOH Efficiency Variance

= ( SH − AH ) × SR

where,

SH are standard direct labor hours allowed

AH are the actual direct labor hours

SR is the standard variable overhead rate

(SH − AH ) × SR

= [(4,200 × 0.10) - 485] × $21.09

= (420 - 485) × $21.09

= 1,370.85 Unfavorable

You might be interested in
Methods of short-term financing include?
Alchen [17]

Answer:

a Bill of Exchange

please mark as brainliest

3 0
2 years ago
Overhead Variance (Over- or Underapplied), Closing to Cost of Goods Sold
Bogdan [553]

Answer:

This question has two requirements answer of each requiremnt is given below.

Dispose of the overhead variance by adjusting Cost of Goods Sold. Adjusted COGS $____

Applied Overhead = 532,000 * 80% =$ 425,600

This show that overhead are over apllied, so

Adjusted COGS = $1,890,000 - (425,600 -423,600)

                            = $ 1,888,000

Calculate the overhead variance for the year. $____

Overhead variance = Applied Overhead - Actual Overhead

                                = 425,600 -423,600

                                = $ 2000 (Favorable variance)

4 0
3 years ago
Clark corporation has an average collection period of 7​ days, an inventory conversion period of 30​ days, and a payables deferr
Mamont248 [21]

Clark's cash conversion cycle is 37 days.

4 0
3 years ago
The Self-development stage of the extratropical cyclone model occurs when _________. upper level divergence moves over a station
weqwewe [10]

Answer: cold and warm air masses interact in an unstable environment.

Explanation: Extratropical cyclones, sometimes called mid-latitude cyclones or wave cyclones, are low-pressure areas which, along with the anticyclones of high-pressure areas, drive the weather over much of the Earth. Extratropical cyclones are capable of producing anything from cloudiness and mild showers to heavy gales, thunderstorms, blizzards, and tornadoes. These types of cyclones are defined as large scale (synoptic) low pressure weather systems that occur in the middle latitudes of the Earth. In contrast with tropical cyclones, extratropical cyclones produce rapid changes in temperature and dew point along broad lines, called weather fronts, about the center of the cyclone .According to the polar-front theory, extratropical cyclones develop when a wave forms on a frontal surface separating a warm air mass from a cold air mass. As the amplitude of the wave increases, the pressure at the centre of disturbance falls, eventually intensifying to the point at which a cyclonic circulation begins. The decay of such a system results when the cold air from the north in the Northern Hemisphere, or from the south in the Southern Hemisphere, on the western side of such a cyclone sweeps under all of the warm tropical air of the system so that the entire cyclone is composed of the cold air mass. This action is known as occlusion.Extratropical cyclones arise through a process called cyclogenesis, in which cold and warm air masses interact in an unstable environment.

5 0
3 years ago
Read 2 more answers
Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 60 comma 000 parts is
Fittoniya [83]

Answer:

$69,000

Explanation:

The computation of the operating income would be shown below:

= Buying cost - making cost

where,

Buying cost equals to

= 60,000 × $3

= $180,000

And, the making cost would be

= Variable cost + fixed cost × avoid percentage

= $90,000 + $70,000 × 30%

= $90,000 + $21,000

= $111,000

Now put these values to the above formula  

So, the value would equal to

= $180,000 - $111,000

= $69,000

7 0
3 years ago
Other questions:
  • Describe the process of coding a questionnaire. Is precoding a questionnaire a good idea? Why or why not?
    5·1 answer
  • 1960 the per capita GDP of Hong Kong was substantially less than that of Argentina and Venezuela. By 2005, the per capita income
    8·1 answer
  • Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for e
    8·1 answer
  • Jillian has just started her first job with a $45,000 salary at a company with a 401(k) plan that has a 100% match up to 3% gros
    13·1 answer
  • If the poverty trap were made even more difficult to overcome because a working mother will have extra expenses like transportat
    15·1 answer
  • RKI Instruments borrowed $4,300,000 from a private equity firm for expansion of its facility for manufacturing carbon monoxide m
    6·1 answer
  • If you built a computer company in Africa and then found that your product was having difficulty being distributed to customers
    12·1 answer
  • Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash: 2,000,000 shares of no-par common
    5·1 answer
  • John has the following transactions for the year: Cash received from sales of products $120,000 Cash paid for expenses (except r
    8·1 answer
  • You have a franchised Planet Fitness gym. You began the business by paying your initial franchise fees and now you pay royalties
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!