Solve this Based on the information below, compute the variable overhead spendingvariance.BudgetActualProduction800 units (4 machine hours 850 units, 3,300 machineallowed per unit)Variable overhead $7 per machine hourhours used$5 per machine hourrate

Explanation of Variable Overhead Spending Variance:The variable overhead spending variance measures…

Answered: Based on the information below, compute…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 2EB: Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine...

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Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine hours per unit, direct material cost of $5 per unit, and direct labor of $5 per unit. What is the cost of each unit produced?
Ocean Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 Fixed marketing expenses totaled $12,000 and fixed administrative expenses totaled $32,000. The price per calendar is $15. What is the contribution margin per unit?
Paney Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000. The price per calendar is $10. What is the variable cost per unit? a. $4.00 b. $3.70 c. $4.60 d. $5.00 e. $1.30
The following data is used for questions 5.8 and 5.9 Budgeted machine hours 8,500 Budgeted overhead costs £148,750 Actual machine hours 7,928 Actual overhead costs £146,200 5.8 Based on the data given above, the machine hour overhead absorption rate is: Select one: A. £17.50 B. £17.20 C. £18.44 D. £18.76 5.9 Based on the data given above, the amount of overhead under/over absorbed is: Select one: A. £2,550 under-absorbed B. £2,529 over-absorbed C. £2,550 over-absorbed D. £7,460 under-absorbed
Given the following information, determine the product cost of one unit: Direct Materials = $60: Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit. O $70 per unit O $80 per unit O $78 per unit $85 per unit
Given the following information: Average Cost per Unit: Direct materials: $12.00 Direct labor: $7.00 Variable manufacturing overhead: $4.00 Fixed manufacturing overhead: $10.00 Fixed selling expense: $6.00 Fixed administrative expense: $5.00 Sales commissions: $4.00 Variable administrative expense: $3.00 Assuming the cost object is units of production, what is the total indirect manufacturing cost incurred to make 40,000 units?
Ocean Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 Fixed marketing expenses totaled $12,000 and fixed administrative expenses totaled $32,000. The price per calendar is $15. What is the break-even point in units?
Using the information below, what is the cost per unit under both variable and absorption costing? Production 90,000 units Direct Materials $110 Direct Labor $150 Variable Manufacturing Overhead $75 Fixed Manufacturing Overhead $2,700,000
Pedregon Corporation has provided the following information: Cost per Unit Cost per PeriodDirect materials $6.95 Direct labor $3.50 Variable manufacturing overhead $1.75 Fixed manufacturing overhead $19,800Sales commissions $0.40 Variable administrative expense $0.50 Fixed selling and administrative expense $7,700. If $4,500 UNITS ARE SOLD, THE TOTAL VARIABLE COST IS CLOSEST TO:
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Given the following data: Contribution margin per unit: Product A $11Product B $12 Machine hours required for one unit: Product A 2 hoursProduct B 2.5 hours A. Compute the contribution margin per unit of limited resource for each product.
Solve this accounting problem with correct calculation

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Based on the information below, compute the variable overhead spending variance. Budget Actual Production 800 units (4 machine hours 850 units, 3,300 machine allowed per unit) Variable overhead $7 per machine hour hours used $5 per machine hour rate