The following information pertains to Vanguard Manufacturing Co.'s Year 1 manufacturing operations: • Standard direct labor hours per unit = 4 hours • Actual direct labor hours = 30,000 hours • Number of units produced = 4,000 units • Standard variable overhead per standard direct labor hour = $5 • Actual variable overhead = $32,000 What is Vanguard's Year 1 unfavorable variable overhead efficiency variance?

The following information pertains to Vanguard Manufacturing Co.'s Year 1 manufacturing operations: • Standard direct labor hours per unit = 4 hours • Actual direct labor hours = 30,000 hours • Number of units produced = 4,000 units • Standard variable overhead per standard direct labor hour = $5 • Actual variable overhead = $32,000 What is Vanguard's Year 1 unfavorable variable overhead efficiency variance?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 30E: Natur-Gro, Inc., manufactures composters. Based on past experience, Natur-Gro has found that its...

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Assume that this level of activity is within
CALCULATE THE AVOR
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Based on analyzing the relationship of total factory overhead (Y) to direct labor hours (X), the following relationship was found: Y = $2,000 + Ş$5X. The $5 in the equation represents: Select one: O a. Total variable factory overhead costs. O b. Variable factory overhead costs per direct labor hour. O c. None of the answers given O d. Fixed factory overhead costs per direct labor hour. O e. Total fixed factory overhead costs
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What is the total variable overhead on this accounting question?
Natur-Gro, Inc., manufactures composters. Based on past experience, Natur-Gro has found that its total annual overhead costs can be represented by the following formula: Overhead cost = 264,000 + 1.42X, where X equals number of composters. Last year, Natur-Gro produced 30,000 composters. Actual overhead costs for the year were as expected. Total overhead for per unit was a. 1.42 b. 8.80 c. 11.63 d. 10.22
SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = 543,000 + 1.34X, where X equals number of smokers. Last year, SmokeCity produced 20,000 smokers. Actual overhead costs for the year were as expected. Required: 1. What is the driver for the overhead activity? 2. What is the total overhead cost incurred by SmokeCity last year? 3. What is the total fixed overhead cost incurred by SmokeCity last year? 4. What is the total variable overhead cost incurred by SmokeCity last year? 5. What is the overhead cost per unit produced? 6. What is the fixed overhead cost per unit? 7. What is the variable overhead cost per unit? 8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 19,500 units and (b) 21,600 units. (Round your answers to the nearest cent.) Explain this outcome.
Data below relate to the Tori Company for May and August of the current year: May 35,000 Maintenance hours Maintenance cost $ 1,247,000 August 40,000 $ 1,337,000 May and August were the lowest and highest activity levels, and Tori uses the high-low method to analyze cost behavior. Which of the following statements is true? Multiple Choice The variable maintenance cost is $18 per hour The variable maintenance cost is $20 per hour The variable maintenance cost is $22 per hour
For a simple regression analysis model that is used to allocate factory overhead, an internal auditor finds that the intersection of the line of best fit for the overhead allocation with the y-axis is $14,000. The slope of the line is 0.2. The independent variable, factory wages, amounts to $810,000 for the month. What is the estimated amount of factory overhead to be allocated for the month? Multiple Choice $289,400. $162.000. $68,000. $88,000.
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What is it's standard manufacturing overhead rate per unit for this general accounting question?