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
Varvara68 [4.7K]
3 years ago
14

The following data have been provided by XYZ Corporation, a company that produces forklift trucks: Budgeted production 3,400 tru

cks Standard machine-hours per truck 2.9 machine-hours Standard supplies cost $ 1.50 per machine-hour Actual production 3,800 trucks Actual machine-hours 10,930 machine-hours Actual supplies cost (total) $ 17,496 Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies cost is:
Business
1 answer:
Vika [28.1K]3 years ago
8 0

Answer:

Variable overhead efficiency variance= $135 favorable

Explanation:

Giving the following information:

Standard supplies cost $ 1.50 per machine-hour

Standard machine-hours per truck 2.9 machine-hours

Actual production of 3,800 trucks

Actual machine-hours 10,930 machine-hours

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (2.9*3,800 - 10,930)*1.5

Variable overhead efficiency variance= (11,020 - 10,930)*1.5

Variable overhead efficiency variance= $135 favorable

You might be interested in
(True) or (False)? The total amount of depreciation accumulated for an asset over its entire life will differ depending on the m
vladimir1956 [14]

Answer:

True

Explanation:

Let us illustrate this using the below hypothetical case:

Asset acquired-motor vehicle

useful life is 3 years

salvage value $20,000

cost of the asset=$100,000

depreciation methods:

straight-line method

double-declining balance method

depreciation under straight-line method=(cost-salvage value)/useful life

depreciation under straight-line method=($100,000-$20,000)/3=$26,666.67  

accumulated depreciation for 3 years=$26,666.67  *3=$80,000

double declining balance method:

double-declining rate=100%/useful life *2=100%/3*2=67%

2 means double

year 1 depreciation=$100,000*67%=$67,000

year 2 depreciation=($100,000-$67000)*67%=$22,110  

year 3 depreciation=($100,000-$67000-$22110)*67%=$7,296  

accumulated depreciation for 3 years=$67,000+$22,110+$7,296=$96,406  

$80,000 not equal to $96,406  

5 0
2 years ago
An independent group wants to determine if the consumption of gasoline has increased due to changes in price. the group randomly
Aleksandr [31]
<span>The variable being studied is monthly gas consumption. This variable is often called the independent variable. This variable changes with average price of a gallon of gas. This variable would be considered the dependent variable.</span>
5 0
3 years ago
After Juan wrote down the week's tasks, schoolwork, and after-school activities in his assignment notebook, he highlighted all t
Nimfa-mama [501]

Answer:

Its B

Explanation:

5 0
2 years ago
Read 2 more answers
which type of classroom enables students to attend lectures without being physically present with the teacher
il63 [147K]
An online classroom allows you to do it without physically being there
7 0
3 years ago
Read 2 more answers
Does it surprise you the speaker recommends putting 80-100% of your retirement savings in investments? Why or why not
kherson [118]

Answer:

Yes, it does because the price is way to high (i took the test so ask me if you need anything else )

Explanation:

8 0
2 years ago
Other questions:
  • What is a realistic goal?
    7·1 answer
  • ​recently, amazon.com has been accused of​ __________, which is the practice of selling products below cost to harm competitors.
    7·1 answer
  • Specialists on stock exchanges perform the following functions:________
    11·1 answer
  • Robert Wilkins has prepared the following list of statements about process cost accounting. Identify each statement as true or f
    12·1 answer
  • Suppose a car manufacturer discovers that the marginal cost of the last car produced was $15,000, while the marginal revenue was
    6·1 answer
  • An arithmetic cash flow gradient series equals $600 in year 1, $700 in year 2, and amounts increasing by $100 per year through y
    6·1 answer
  • Why in the fudge does trump (a literall orange) think hes the best person ever
    6·2 answers
  • What step in the investigative process would the development of timelines and interpretation of burn patterns be related to?
    15·1 answer
  • Cavern Company's output for the current period results in a $6,400 unfavorable direct material price variance. The actual price
    14·1 answer
  • ECON please answer will give brainleist
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!