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
lianna [129]
3 years ago
7

Tatham Corporation produces a single product. The standard costs for one unit of its Clan product are as​ follows:

Business
1 answer:
Alla [95]3 years ago
3 0

Answer:

$3,500 Unfavorable

Explanation:

The computation of variable overhead efficiency variance for Clan for November Year 2 is shown below:-

Variable overhead efficiency variance

=  (Standard labor hours - actual labor hours) × (Standard variable overhead rate)

= (3,500 × 2 - 7,500) × $7

= (7,000 - 7,500) × $7

= $3,500 Unfavorable

Therefore for computing the Variable overhead efficiency variance we simply applied the above formula.

You might be interested in
Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the firs
nasty-shy [4]

Answer:

If costs and percentage completion of these units in beginning inventory were:

Cost Percent Complete

Materials costs $7,900 60%

Conversion costs $6,900 30%

A total of 8,100 units were started and 7,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs $137,900

Conversion costs $323,900

The ending inventory was 80% complete with respect to materials and 75% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

The cost per equivalent unit for materials for the month in the first processing department is closest to $17.03

Explanation:

Weighted-average method is used to make an inventory valuation, taking average values ​​for both the merchandise in stock and for the costs of merchandise sold.

But in this case, since you have unfinished units, you must take the equivalent to calculate the unit cost.

Materials:

Units completed: 7,600

Units in process: 1,200 * 80% = 960

Equivalent production units: 7,600 +, 960 = 8560

Cost at start: 7,900

Added costs in the period: 137,900

Total cost: 7900 + 137,900 = 145,800

So: 145,800 / 8,560 = 17.03 is the equivalent unit cost per product

4 0
3 years ago
Where do you typically earn an Associate of Arts degree?
ElenaW [278]

Most likely a two year college, so a local community college nearby is a good option. It's also a lot cheaper than a traditional university.

3 0
3 years ago
Read 2 more answers
Which of the following criteria is important when identifying a potential
-BARSIC- [3]

Answer: A

Explanation:

7 0
3 years ago
Read 2 more answers
The___ represents the cost of a loan and is expressed as a percent of the amount borrowed
kiruha [24]

Answer:

I’m pretty sure it’s B. interest rate

3 0
3 years ago
People in these services usually look after children, the elderly, or disabled.
ruslelena [56]
The answer is caretaking
5 0
3 years ago
Read 2 more answers
Other questions:
  • Fees are never charged when depositing money into your checking account. True or False
    12·2 answers
  • For a survey, a company decided to call 7 out of every 5000 people. how many people should be called in a town of 78000 people?
    8·1 answer
  • Which of the following is one of the main things to consider when evaluating a business opportunity?
    6·2 answers
  • (Ignore income taxes in this problem.) The management of Stanforth Corporation is investigating automating a process. Old equipm
    10·1 answer
  • Fred, a self-employed taxpayer, travels from Denver to Miami primarily on business. He spends five days conducting business and
    12·1 answer
  • Noelle, assistant manager at Green Gardens Restaurant, is preparing a questionnaire to help her evaluate customer satisfaction.
    12·1 answer
  • The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:
    15·1 answer
  • Home Building Inc. (HBI) seeks to schedule manual labor for 18 new homes being constructed. Historical data leads HBI to apply a
    12·1 answer
  • The entity’s manufacturing division, whose assets constituted 75% of its total assets at September 30, Year 5 (end of year), was
    6·1 answer
  • 25. Math To make their exports suitable for use in
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!