A manufacturing company has a standard costing system based on standard machine-hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 6,400 MHS Overhead costs at the denominator activity level: Variable overhead cost $33,920 Fixed overhead cost $122,240 The following data pertain to operations for the most recent period: Actual hours 6,800 MHs Standard hours allowed for the actual output 6,493 MHs Actual total variable overhead cost $37,340 Actual total fixed overhead cost $123,990 What was the variable overhead efficiency variance for the period to the nearest dollar?

Q: How to draw a npv profile in excel

A: Net Present Value (NPV) is the technique used to discount the cash flows generated over the period…

Q: Which of the following can be used to link two tables together? Select one: a. Primary Key b.…

A: Foreign key is a column or group of columns in a relational database table that provides a link…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Understanding VLOOKUP The VLOOKUP function syntax is:VLOOKUP(lookup_value, table_array,…

Q: For what reasons is the NPV technique preferable to IRR?

A: The Net Present Value (NPV) technique is a financial evaluation method used to assess the…

Q: Natarajan, Inc. had the following operating segments, with the in Segment Expenses $ 650,000…

A: We must contrast the segment revenues with the sum of the revenues of all other segments in order to…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: The correct answer in the context of sheaf theory is a category equipped with a Grothendieck…

Q: Having a probllem with T -Accts . Please help

A: The t-accounts are as follows:

Q: Wildhorse Company uses the allowance method for estimating uncollectible accounts. Prepare journal…

A: The journal entries are prepared to record the transactions on regular basis. The allowance for…

Q: I need typing clear urjent no chatgpt use i will give 5 upvotes full explanation

A: TrueSound transmission can occur through air, solid, and liquid mediums. Sound Transmission through…

Q: lease submit solution step by step without using excel formulas

A: Price of a bond is the present value of coupon payments plus the present value of the par value of…

Q: don't provide AI written solution.

A: IntroductionIn the realm of capital budgeting, both Net Present Value (NPV) and Internal Rate of…

Q: Sorry but correct answer =31470.44, can you do it using formulas no tables, please

A: To find the total fund the insurer needs to hold today, we need to calculate the present value of…

Q: Could you explain without using the excel?

A: The face value of the bond is $1,000. The coupon rate is 2%. The period is 6 years. The interest…

Q: How XBRL is different from inline XBRL? What challenges do you see in the implementation of XBRL?

A: XBRL: In short, XBRL stands for extensible Business Reporting Language, and it is a software…

Q: can you help with the t account

A: The question is asking about T accounts. Please refer attached image in step 2 and 3 for T account…

Q: I cannot use excel. please caculate manually

A: Given: Initial salary is $42,200 Salary rise after first year to $45,400 Inflation average is 3%

Q: Prepare the entry for the issuance under the following assumptions. (List all debit entries before…

A: The journal entries are prepared to record the transactions on regular basis. The cash received in…

Q: 1. Use Excel to compute the NPV and IRR of the two plans. Which plan, if any, should the company…

A: Net Present Value: It is the current worth of the project having the initial cost and annual…

Q: How to create the t account

A: T account is a representation of the legder that records business transactions. It is in the form of…

Q: Please provide me the solution with explanation of  d,e,f and G

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: What is meant by Authorized and issued captial?

A: Meaning of Authorised capital  stock:Authorised stock refers to the maxinum number of preferred…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.