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maksim [4K]
3 years ago
8

Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hou

rsStandard Price or RateStandard Cost Per Unit Direct labor 0.20hours$33.00per hour$6.60 Variable overhead 0.20hours$6.90per hour$1.38 In November the company's budgeted production was 7,200 units, but the actual production was 7,000 units. The company used 1,520 direct labor-hours to produce this output. The actual variable overhead cost was $9,880. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is:
Business
1 answer:
Ber [7]3 years ago
7 0

Answer:

Variable overheads rate variance = $608 favorable

Explanation:

The variable overhead rate variance is the difference between the standard cost of the actual labour hours  and the actual variable overhead expenditure

                                                                                         $

1,520 hours should have cost (1,520× $6.90)              10,488

But did cost                                                                     <u>9,880</u>

Rate variance                                                                  <u>  608 Favorable</u>

Variable overheads rate variance = $608 favorable

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Answer:

TRUE

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3 years ago
A certain delivery service offers both express and standard delivery. Seventy-five percent of parcels are sent by standard deliv
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Probability, P(n) = 3/8

Explanation:  Let standard delivery be S and express delivery be E.

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II) When the parcels arrived:

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The probability a record of a parcel delivery is chosen, P(n) = S(n)*E(n) + E(n)*S(n) = 75/100*25/100 + 25/100*75/100

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3 years ago
As product adopters in the diffusion of innovation, members of the early majority Group of answer choices
Luden [163]

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The correct answer is letter "B": are deliberate and use many informal social contacts.

Explanation:

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The correct answer is firewall monitoring.

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5 0
3 years ago
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of ea
Westkost [7]

Answer:

See answers below

Explanation:

1 The predetermined overhead rate

= Cost of manufacturing overhead / Cost driver.

Where cost driver

= labor cost / labor rate

= $240,192 / $12.51

= 19,200 hours

Expected overhead

= depreciation + supervisor + supplies + property tax

= 56,500 + 140,000 + 46,400 + 27,750

Total overhead = 270,650

Overhead rate = 270,650 / 19,200

= 14.10 per hour

2. The amount t of applied overhead for of 18,500 actual hours were worked on

= 18,500 hours × $14.10

= $260,850

7 0
3 years ago
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