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Reil [10]
3 years ago
10

Jordan Industries produced 6,000 units of product that required 1.5 standard hours per unit. The standard variable overhead cost

per unit is $2.75 per hour. The actual variable factory overhead was $29,000. Determine the variable factory overhead controllable variance.
Business
1 answer:
erica [24]3 years ago
5 0

Answer:

$4,250 unfavorable

Explanation:

For the computation of variable factory overhead controllable variance first we need to determine the standard variable factory overhead which is shown below:-

Standard variable factory overhead is

= 6,000 units ×  1.5 standard hours per unit × $2.75 per hour

= $24,750

Variable factory overhead controllable variance = Actual variable factory overhead - standard variable factory overhead

= $29,000 - $24,750

= $4,250 unfavorable

Therefore we applied the above formula.

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eimsori [14]

Answer:

The correct answer is $800

Explanation:

Giving the following information:

Fulbright Corp. uses the periodic inventory system.

Fulbright made the following purchases (listed in chronological order of acquisition):

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6 0
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The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, whereas t
vitfil [10]

Answer:

True

Explanation:

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nirvana33 [79]

Answer

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Explanation:

(c) $31,000

Explanation:

As per IRS for Earnings of Clergy, A licensed, commissioned, or ordained minister who performs ministerial services as an employee may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home. In order to be able to exclude the housing allowance from income, the minister's employing organization must officially designate the housing allowance as such before paying it to the minister.The fair rental value of a parsonage or the housing allowance is excludable only for income tax purposes, and not for Self-employment tax purpose.

In the given case, the church did not designate any of Luke's salaries as a housing allowance. Hence it is not deductible from Gross Income for Income Tax Purposes and irrespective of designation or not, it is not deductible for self-employment tax.

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