Chapter 1.3, Problem 1OYO

The standard cost of Product ZT includes 3.5 hours of direct labor at $16 per hour. The predetermined overhead rate is $28 per direct labor hour. During August, the company incurred 5,100 hours of direct labor at an average rate of $15.75 per hour and $148,400 of manufacturing overhead costs. It produced 1,400 units. Compute the total overhead variance. Correct answer

Sparrow Company had a $220,000 beginning balance in Accounts Receivable. During the year, credit sales were $750,000 and customers' accounts collected were $640,000.  What was the net amount of receivables included in the current assets at the end of the year, before any provision was made for doubtful accounts?

Can you help me solve this general accounting problem using the correct accounting process?

Can you solve this general accounting question with accurate accounting calculations?

I want the correct answer with accounting question

Calculate the predetermined overhead rate

Please provide answer of this Accounting problem

R-Mart has a beginning receivables balance on February 1 of $1050. Sales for February through May are $625, $698, $975, and $1,990, respectively. The accounts receivable period is 30 days. What is the amount of the April collections? Assume a year has 360 days.

General accounting question