Use the following information of Alfred Industries.Standard manufacturing overhead basedon normal monthly volume:Fixed ($304,800 20,000 units)Variable ($100,000 20,000 units)Units actually produced in current monthActual overhead costs incurred (including$300,000 fixed)$ 15.24Overhead spending varianceOverhead volume variance5.00$20.2418,000 units$ 383,800Compute the overhead spending variance and the volume variance. (Indicate theeffect of each variance by selecting "Favorable" or "Unfavorable". Select "None" andenter "0" for no effect (i.e., zero variance).)

Name: Use the following information of Alfred Industries.Standard manufactu
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Description: Use the following information of Alfred Industries.Standard manufacturing overhead basedon normal monthly volume:Fixed ($304,800 20,000 units)Variable ($100,000 20,000 units)Units actually produced in current monthActual overhead costs incurred (inc

1. Spending Variance is the difference between actual and budgeted fixed overhead Actual Fixed…

Business

Accounting

Use the following information of Alfred Industries. Standard manufacturing overhead based on normal monthly volume: Fixed ($304,800 20,000 units) Variable ($100,000 20,000 units) · Units actually produced in current month Actual overhead costs incurred (including $300,000 fixed) $ 15.24 5.00 $ 20.24 18,000 units $ 383,800

Use the following information of Alfred Industries. Standard manufacturing overhead based on normal monthly volume: Fixed ($304,800 20,000 units) Variable ($100,000 20,000 units) · Units actually produced in current month Actual overhead costs incurred (including $300,000 fixed) $ 15.24 5.00 $ 20.24 18,000 units $ 383,800

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Direct material (30 pounds @ $2.60 per pound) Direct labor (20 hours @ $4,70 per DLH) Variable overhead (20 hours e $2.60 per DLH) Fixed overhead (20 hours @ $1.20 per DLH) Standard cost per unit $ 78.00 94.00 52.00 24.00 $ 248.00 The $3.80 ($2.60 + $1.20) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 36,600 units, which is 60% of the factory's capacity of 61,000 units per month. The following monthly flexible budget information is avallable. Operating Levels (X of capacity) 55% 33,550 671,000 Flexible Budget Budgeted production (units) Budgeted direct labor (standard hours) Budgeted averhead Variable overhead Fixed overhead Total overhead 60% 36,600 732,000 65% 39,650 793,000 $ 1,744,600 878,400 $ 2,623,000 $ 1,903, 200 878,400 $ 2,781,600 $ 2,061,800 878, 400 $ 2,940, 200 During the current month, the company operated at 55% of capacity, direct labor of 652,000 hours were used, and the following actual overhead costs were incurred. Actual…
4. Nova Company's total overhead cost at various levels of activity are presented below: Month April May June July Machine hours 70,000 60,000 80,000 90,000 Utilities (variable). Supervisory salaries (fixed). Maintenance (mixed) Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these May month's costs at the 60,000 machine-hour level of activity is: $ 42,000 $ 27,000 $ 105,000 Total overhead cost......... $174,000 Total O/H cost $205,000 $174,000 $235,000 $255.000 1. Estimate how much of the $255,000 of overhead cost in July was maintenance cost. 2. Using the high-low method, estimate a cost formula for maintenance, and identify the maintenance cost for 120,000 machine hours
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The following data, presented in alphabetical order, are taken from the records of Nieto Corporation. Accounts Payable $260,000 Accounts Receivable $140,000 Accumulated depreciation- buildings $180,000 Accumulated depreciation-equipment $52,000 Allowance for doubtful accounts $6,000 Bonds payable (10% due 2023) $500,000 Building $950,000 Cash $62,000 Common Stock ($10 par value; 500,000 shares authorized, 150,00 shares issued) $1,500,000 Dividends payable $80,000 Equipment $275,000 Fair Value Adjustment-available-for-sale securities (Dr) $8,000 Goodwill $200,000 Income taxes payable $120,000 Inventory $170,000 Investment in Mara common stock (30% ownership) at equity $380,000 Investment in Sasse common stock (10% ownership), at cost $278,000 Land $390,000 Notes Payable (due 2016) $70,000 Paid-in Capital in excess of par- common stock $130,000 Premium on bonds payable $40,000 Prepaid insurance $16,000 Retained earnings $103,000 Short-term investments, at fair value (and cost) $180,000…
Subject: accounting
Please only answer the total amount of fixed manufacturing overhead.
Subject : Accounting
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iven a predetermined overhead rate of $1.60 per direct labor hour, a capacity of 50,000 hours and 42,000 actual hours, the cost of unused capacity is
O e. $2,636 Company XYZ uses machine hours to allocate its manufacturing overhead. The company estimates that total machine hours to be operated next year are 190,000 hours. The estimated variable overhead is $9 per hour and the estimated fixed overhead costs are $152,000. Calculate the predetermined overhead rate. Select one: O a. $10.80 O b. $9.80 O c. $0.10 O d. $0.80 O e. None of the answers given Finish attempt . ge OADUa Prisc F9 F6 F7 F3 F4 F2 23 24 8 6 3