Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $389,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Compute the variable overhead spending variance.
a. $11,000 (F)
b. $11,000 (U)
c. $31,000 (F)
d. $41,000 (F)
A
You might also like to view...
The logical specification, physical requirements, and budget and schedule are all part of the systems analysis deliverable called a(n) ______________________________
Fill in the blank(s) with correct word
The following events occurred last year at Taylor Company: Purchase of plant & equipment $33,000 Sale of long-term investment 12,000 Stock Dividend Paid 6,000 Paid off bonds payable 15,000 Depreciation Expense 7,000 Based on the above information, the net cash flows from investing activities for the year on the statement of cash flows would be:
A) ($21,000). B) ($15,000). C) ($7,000). D) ($37,000).
You are considering investing in a project with the following possible outcomes:
States Probability of Occurrence Investment Returns State 1: Economic boom 18% 20% State 2: Economic growth 42% 16% State 3: Economic decline 30% 3% State 4: Depression 10% -25% Calculate the expected rate of return and standard deviation of returns for this investment, respectively. A) 8.72%, 12.99% B) 7.35%, 12.99% C) 2.18%, 1.69% D) 3.50%, 1.69%
Administered and contractual channel systems are vertical marketing systems that depend on agreements between channel members to cooperate.
Answer the following statement true (T) or false (F)