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Citrus2011 [14]
3 years ago
7

Radon Corporation manufactured 33,000 grooming kits for horses during March. The company uses machine hour to allocate fixed man

ufacturing overhead. The following fixed overhead data pertain to March:
Actual Static Budget
Production 33,000 units 30,000 units
Machine-hours 6,600 hours 6,000 hours
Fixed Overhead Costs for March $153,000 $144,000
1. What is the fixed overhead production-volume variance? (HINT: The answer is $14,400 favorable, but I need work to support this)

2. What is the fixed overhead spending variance? (HINT: The answer is $9,000 unfavorable, but I need work to support this)
Business
1 answer:
Bumek [7]3 years ago
6 0

Answer:

1) The fixed overhead production-volume variance is $14400 favourable.

2) The fixed overhead spending variance is $9000 unfavourable.

Explanation:

1)

Fixed overhead production volume variance

= amount applied * amount budgeted

= 144000/30000

= 4.80 per unit

= 4.80*33000 - 144000

= $14400 favourable

Therefore, The fixed overhead production-volume variance is $14400 favourable.

2)

fixed overhead spending variance

= actual overhead - budgeted overhead

= 153000 - 144000

= $9000 unfavourable

Therefore, The fixed overhead spending variance is $9000 unfavourable.

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Answer:

$1,500

Explanation:

Given the compounding formula A = P(1+r)^{n}

And given an investment (P), made at 16% compounded annually (r), and an ending amount of $1,740 (A) at the end of the year (n = 1 year), the original amount invested (P) can be computed as follows.

1,740 = P(1+0.16)^{1}

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Which of the following items is included in Japan’s GDP? A. the estimated value of production accomplished at home, such as ba
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Answer:

D) None of the above is included in Japanese GDP.

Explanation:

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Answer:

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