Answer:
variable overhead efficiency variance= $22,780 unfavorable
Explanation:
Giving the following information:
Standard hours per unit of output 7.0 hours
Standard variable overhead rate $ 13.40 per hour
Actual hours 2,725 hours
The actual output of 150 units
To calculate the variable overhead efficiency variance, we need to use the following formula:
variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 150*7= 1,050 hours
variable overhead efficiency variance= (1,050 - 2,750)*13.4
variable overhead efficiency variance= $22,780 unfavorable
Option A should be the best answer for above question. All other choices listed are already offered by companies nowadays. Pensions are only given companies as payment to their contributions to their previous company.<span />
Answer:
See explanation section
Explanation:
The examples of variable cost per unit are as follows:
1. Direct Materials per unit;
2. Direct wages per unit;
3. Variable manufacturing overhead per unit;
4. Variable selling expense per unit;
5. Variable administrative expense per unit.
If all the expenses are given in accounting math, we have to add all the expenses per unit to determine the variable cost per unit.
According to the question, as there are 18000 units are produced and sold, we have to multiply the variable cost per unit by the total number of units.
Answer and Explanation:
The Journal entries are shown below:-
1. Maintenance and Repairs Expense Dr, $150
To Cash $150
(Being cash paid is recorded)
For recording this we debited the maintenance and Repairs Expense as there is increased in expenses and credited the cash as assets are decreased
2) Equipment $700
To Cash $700
(Being cash paid is recorded)
For recording this we debited the equipment as it increased the assets and credited the cash as assets are decreased
