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Vilka [71]
3 years ago
6

The following information relating to a company's overhead costs is available. Actual total variable overhead $ 75,000 Actual to

tal fixed overhead $ 14,000 Budgeted variable overhead rate per machine hour $ 2.50 Budgeted total fixed overhead $ 15,000 Budgeted machine hours allowed for actual output 32,000 Based on this information, the total variable overhead variance is:
Business
1 answer:
NARA [144]3 years ago
6 0

Answer:

$5,000 favorable

Explanation:

The computation of the total variable overhead variance is given below:

= Budgeted machine hours allowed for actual output × Budgeted variable overhead rate per machine hour - Actual total variable overhead

= 32,000 hours × $2.50 - $75,000

= $80,000 - $75,000

= $5,000 favorable

Since the favorable is more than the actual so it should be favorable

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Restaurant Brands International Inc. (RBI) describes itself as follows in its first Restaurant footnote: "We franchise and opera
Tasya [4]

Answer and Explanation:

Data provided

Depreciation = $185 million

The Journal entry is shown below:-

Depreciation expense  $185 million  

      To Accumulated depreciation $185 million

(Being depreciation expenses is recorded)

Here we debited depreciation expense as expenses are increasing whereas we credited the accumulated depreciation as the assets decreasing.

5 0
3 years ago
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble (PG), a
Brrunno [24]

Answer:

Explanation:

The direct material cost is the cost which is incurred for the raw material

The direct labor cost is the cost which is incurred to pay the wages to assembly workers, the labor cost, etc

And, the factory overhead cost is the indirect cost which is required at the time of producing the product. Example - depreciation, repairs & maintenance, etc

So, the categorization is shown below:

a. Depreciation on assembly line equipment in the Mehoopany, Pennsylvania, paper products plant = factory overhead cost

b. Licensing payments for use of Disney characters on children products = factory overhead cost

c. Maintenance supplies = factory overhead cost

d. Packaging materials = direct material cost

e. Paper used in bath tissue  = direct material cost

f. Plant manager salary for the Iowa City, Iowa, plant = factory overhead cost

g. Resins for body wash products =  direct material cost

h. Salary of process engineers =  factory overhead cost

i. Scents and fragrances used in making soaps and detergents  = direct material cost

j. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant = direct labor cost

3 0
2 years ago
An applicant should always print their résumé on paper that is _____.
vaieri [72.5K]
The answer is b) white or light colored
8 0
2 years ago
Read 2 more answers
Exercise 20-18 Budgeted cash receipts LO P2 Jasper Company has sales on account and for cash. Specifically, 70% of its sales are
horsena [70]

Answer:

$1,756,600.

Explanation:

                                         P2 Jasper Company

                                     Budgeted cash Receipt

                                           For the 2nd quarter

                                                           April                   May                  June

Accounts Receivable                        $400,000

70% in the month of Sale                  $367,500          $374,500      $392,000

30% in the month after Sale                                        $110,250        $112,350

Budgeted cash receipt                     $767,500           $484,750       $504,350

Total budgeted cash receipt for the 2nd quarter = $767,500 + $484,750 + $504,350 = $1,756,600.

30% in the month after sale means 30% amount will be received in the following month.

6 0
3 years ago
At the beginning of a semester, a group of five students (Marcus, Gerard, Penelope, Zendaya, and Duane) are asked to order a sna
LenKa [72]

Answer:

THIS IS LONG

Explanation:

it is a long question

3 0
3 years ago
Read 2 more answers
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