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
kondaur [170]
3 years ago
5

Platt Company produces one product, a putter called PAR-putter. Platt uses a standard cost system and determines that it should

take one hour of direct labor to produce one PAR-putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $500,000 comprised of $200,000 of variable costs and $300,000 of fixed costs. Platt applies overhead on the basis of direct labor hours. During the current year, Platt produced 85,000 putters, worked 89,000 direct labor hours, and incurred variable overhead costs of $160,000 and fixed overhead costs of $300,000.
1. Compute the pre-determined variable overhead rate and the pre-determined fixed overhead rate.

Variable Overhead Rate

Fixed Overhead Rate

2. Compute the applied overhead for Platt for the year.

Applied Overhead

3. Compute the total overhead variance

Total Overhead Variance
Business
1 answer:
rodikova [14]3 years ago
3 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $500,000 comprised of $200,000 of variable costs and $300,000 of fixed costs.

Platt produced 85,000 putters, worked 89,000 direct labor hours, and incurred variable overhead costs of $160,000 and fixed overhead costs of $300,000.

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Variable= 200,000/100,000= $2 per direct labor hour

Fixed= 300,000/100,000= $3 per direct labor hour

Total= $5

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 89,000*5= $445,000

Finally, the total overhead variance:

TOTAL OVERHEAD VARIANCE = Actual Factory Overhead - Standard Factory Overhead

TOTAL OVERHEAD VARIANCE= 460,000 - 445,000

TOTAL OVERHEAD VARIANCE = $15,000 unfavorable

You might be interested in
The trend in the poverty rate since the mid 1960's___________.
enyata [817]

Answer:

Letter B

Explanation:

It is worth noting that, although poverty rates have decreased, there has been no drastic decrease as mentioned in option A and option B fits the answer better. Whereas, the official poverty rate in the USA according to data from the Census Bureau, has decreased in the last half-century, from 22.1% in 1960 to 14.5% in 2013, which means the lowest rate since the 1960s.

6 0
3 years ago
"espedal" How do strategic leaders manage their firm’s resource portfolio effectively to exploit its core competencies and lever
Neporo4naja [7]

Strategic leaders manage the organization's resource portfolio effectively to exploit its core competency by organizing them into capabilities, structuring the organization to use the capabilities, and developing and implementing a strategy to leverage its human capital and social capital resources to achieve a competitive advantage.

Strategic leadership is required to help firms successfully navigate the dynamic and uncertain environment in which they need to compete today.

Human capital is the firm's repository of valuable knowledge and skills whereas social capital provides access to critical resources.

Human capital is the organization’s intellectual capital, which includes competencies, knowledge, skills and creativity.

According to the definition given in the Oxford dictionary Social capital is  “the networks of relationships among people who live and work in a particular society, enabling that society to function effectively”.

To learn more about Resource portfolio here

brainly.com/question/14493918

#SPJ4

8 0
2 years ago
Interest can be regarded as the Group of answer choices
Studentka2010 [4]

Answer:

Option (b) is correct.

Explanation:

Interest refers to the amount of money that a lender can earn on giving the loans to the borrowers. Borrower is a person who is liable to pay the interest on the borrowing amount.

Normally, a person is borrowing money or funds from the lender for making investment in a certain types of capital goods.

Interest rate refers to the rate at which lender lends its loanable funds to the borrowers.

4 0
3 years ago
A major difference between financial statement auditors and fraud examiners is that most financial statement auditors: a. match
Oksi-84 [34.3K]

Answer: Option A

       

Explanation: An auditor refers to an individual who is certified by an authority to perform an audit. The auditor provides an independent opinion as if the statements of the company are prepared as per the accounting and auditing standards.

Fraud examiners are the individuals who investigates an activity which is concluded to be a fraud already.

The difference between the two is, the auditor initially ascertains if there is a fraud while the fraud examiner tries to ascertain who is guilty of performing the fraud.

Hence from the above we can conclude that the correct option is A.

7 0
2 years ago
Bugle's Bagel Bakery is investigating the purchase of a new bagel making machine. This machine would provide an annual operating
bagirrra123 [75]

Answer:

Total annual cash inflow= $5,000

Explanation:

The total annual cash inflow will be the sum of the savings in operating costs and the incremental contribution from the sale of the bagels.

Annual contribution from Bagel = 1,500×$0.90=1350

Operating cost savings = 3,650

Total annual cash inflow = 1,350 + 3,650 =5,000

Total annual cash inflow= $5,000

3 0
2 years ago
Other questions:
  • Most economists believe that a cut in tax rates a. would generally increase government tax revenue. b. would have no effect on a
    12·1 answer
  • Suppose you find that prices of stocks before large dividend increases show on average consistently positive abnormal returns. i
    15·1 answer
  • Divide 100<br><img src="https://tex.z-dn.net/?f=%20%5Csqrt%7B100%7D%20" id="TexFormula1" title=" \sqrt{100} " alt=" \sqrt{100} "
    9·1 answer
  • Which performance management technique initially involves the identification of a large number of critical incidents, followed b
    8·1 answer
  • Express Delivery is a rapidly growing delivery service. Last year, 80% of its revenue came from the delivery of mailing "pouches
    12·1 answer
  • FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The major fixed assets for each busi
    9·1 answer
  • Policies that reduce the time it takes unemployed workers to find new jobsa. can reduce both frictional unemployment and the nat
    10·1 answer
  • Blake was asked by his team leader to explore and evaluate the best ways to communicate with customers online. Although Blake is
    6·2 answers
  • Charley Bates defrauded Noah Claypole by inducing him to enter into a contract to sell him his house for half its market value.
    10·1 answer
  • the board of directors of kate's company recently hired an independent firm to review the state of the organization's security c
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!