Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHs) worked 14,000 Standard DLHs allowed for good...
Neptune Inc. uses a standard cost system and has the following information for the most recent month, April:
| Actual direct labor hours (DLHs) worked | 14,000 | ||
| Standard DLHs allowed for good output produced this period | 19,000 | ||
| Actual total factory overhead costs incurred | $ | 38,400 | |
| Budgeted fixed factory overhead costs | $ | 10,300 | |
| Denominator activity level, in direct labor hours (DLHs) | 13,000 | ||
| Total factory overhead application rate per standard DLH | $ | 2.70 | |
The fixed overhead production volume variance in April for Neptune, Inc., to the nearest whole dollar, was: (Round your intermediate calculation to 2 decimal places.)
Multiple Choice
-
$3,490 unfavorable.
-
$3,590 favorable.
-
$4,530 favorable.
-
$4,710 favorable.
-
$5,750 favorable.
Homework Answers
Fixed overhead production volume variance = Budgeted fixed overhead -Standard fixed overhead applied to production
= $10,300 - 10,300*19000/13000
= $4710 Favorable
Add Answer to:
Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHs) worked 14,000 Standard DLHs allowed for good...
Neptune Inc. uses a standard cost system and has the following information for the most recent...
Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHs) worked 24,000 Standard DLHs allowed for good output produced this period 25,000 Actual total factory overhead costs incurred $ 55,000 Budgeted fixed factory overhead costs $ 10,700 Denominator activity level, in direct labor hours (DLHs) 17,000 Total factory overhead application rate per standard DLH $ 2.70 The total underapplied or overapplied factory overhead in April for Neptune,...
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the...
A manufacturing company has a
standard costing system based on standard direct labor-hours (DLHs)
as the measure of activity. Data from the company's flexible budget
for manufacturing overhead are given below:
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHS) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 6,800 DLHS Denominator level of activity Overhead costs at the denominator activity level: Variable overhead cost Fixed overhead...
A manufacturer of industrial equipment has a standard costing system based on standard direct labor-hours (DLHs)...
A manufacturer of industrial equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Level of activity 2,700 DLHs Overhead costs at the denominator activity level: Variable overhead cost $ 8,900 Fixed overhead cost $ 36,625 The following data pertain to operations for the most recent period: Actual hours 3,000 DLHs Standard hours allowed for the actual output 2,612 DLHs Actual...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
Glavine & Co. produces a single product, each unit of which
requires three direct labor hours (DLHs). Practical capacity (for
setting the factory overhead application rate) is 58,000 DLHs, on
an annual basis. The information below pertains to the most recent
year:
Standard direct labor hours (DLHs) per unit produced
3.00
Practical capacity, in DLHs (per year)
58,000
Variable overhead efficiency variance
$
19,000
unfavorable (U)
Actual production for the year
16,500
units
Budgeted fixed manufacturing overhead
$
1,160,000
Standard...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 62,000 DLHs, on an annual basis. The information below pertains to the most recent year: $ Standard direct labor hours (DLHS) per unit produced Practical capacity, in DLHS (per year) Variable overhead efficiency variance Actual production for the year Budgeted fixed manufacturing overhead Standard direct labor wage rate Total overhead cost variance for...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs 1,030 1,090 1,850 $7,600 $7, 400 %24 Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $4 fixed) Is the fixed overhead price (spending) variance for April favorable or unfavorable? Multiple Choice Unfavorable Favorable < Prev 23 of 34 Next >
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted...
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2019: Denominator volume—number of units 8,000 Denominator volume—percent of capacity 80 % Denominator volume—standard direct labor hours (DLHs) 24,000 Budgeted variable factory overhead cost at denominator volume $ 104,100 Total standard factory overhead rate per DLH $ 15.10 During 2019, Bluecap worked 28,000 DLHs and manufactured 9,800 units. The actual factory overhead cost for the year was $14,000 greater than the...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 52,000 DLHs, on an annual basis. The information below pertains to the most recent year: Standard direct labor hours (DLHs) per unit produced 3.00 Practical capacity, in DLHs (per year) 52,000 Variable overhead efficiency variance $ 16,000 unfavorable (U) Actual production for the year 15,000 units Budgeted fixed manufacturing overhead $ 1,040,000 Standard...
standard of 1.5 direct labor hours por unit. in May actual production was 2.800 units and...
standard of 1.5 direct labor hours por unit. in May actual production was 2.800 units and actual fixed manufacturing overhoad csts were $19,000 What was Nexus fixed manufacturing overhoad budget variance in May? O A $3,330 favorable O B. $6,530 unfavorable O C. $3,330 unfavorable O D. $6,530 favorable uring costs to its was 2,600 units and actual fixed manufacturing overhead costs were $19,000 process. In May, Nexus anticipated producing 2,300 units with fixed overhead costs allocated at $7.40 per...
The following information is available for the Danske Company: Denominator hours for May Actual hours worked...
The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 18,500 19, 600 14, 800 $115, 000 $118, 000 Danske Company had total underapplied overhead of $17,800. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours Fixed Overhead: $70, 000 40, 800 Applied...
A manufacturing company has a
standard costing system based on standard direct labor-hours (DLHs)
as the measure of activity. Data from the company's flexible budget
for manufacturing overhead are given below:
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHS) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 6,800 DLHS Denominator level of activity Overhead costs at the denominator activity level: Variable overhead cost Fixed overhead...
Glavine & Co. produces a single product, each unit of which
requires three direct labor hours (DLHs). Practical capacity (for
setting the factory overhead application rate) is 58,000 DLHs, on
an annual basis. The information below pertains to the most recent
year:
Standard direct labor hours (DLHs) per unit produced
3.00
Practical capacity, in DLHs (per year)
58,000
Variable overhead efficiency variance
$
19,000
unfavorable (U)
Actual production for the year
16,500
units
Budgeted fixed manufacturing overhead
$
1,160,000
Standard...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 62,000 DLHs, on an annual basis. The information below pertains to the most recent year: $ Standard direct labor hours (DLHS) per unit produced Practical capacity, in DLHS (per year) Variable overhead efficiency variance Actual production for the year Budgeted fixed manufacturing overhead Standard direct labor wage rate Total overhead cost variance for...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs 1,030 1,090 1,850 $7,600 $7, 400 %24 Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $4 fixed) Is the fixed overhead price (spending) variance for April favorable or unfavorable? Multiple Choice Unfavorable Favorable < Prev 23 of 34 Next >
standard of 1.5 direct labor hours por unit. in May actual production was 2.800 units and actual fixed manufacturing overhoad csts were $19,000 What was Nexus fixed manufacturing overhoad budget variance in May? O A $3,330 favorable O B. $6,530 unfavorable O C. $3,330 unfavorable O D. $6,530 favorable uring costs to its was 2,600 units and actual fixed manufacturing overhead costs were $19,000 process. In May, Nexus anticipated producing 2,300 units with fixed overhead costs allocated at $7.40 per...
The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 18,500 19, 600 14, 800 $115, 000 $118, 000 Danske Company had total underapplied overhead of $17,800. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours Fixed Overhead: $70, 000 40, 800 Applied...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago