The following data is given for the Bahia Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours
worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard direct labor hour Actual variable overhead costs $15,500 Overhead is applied on standard labor hours. The factory overhead controllable variance is:
A) 65U
B) 65F
C) 540U
D) 540F
A
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Which of the following statements is not true of a department in the merchandise classification scheme?
A. It is a level higher than classification in the merchandise classification scheme. B. The DMM, who manages the department, is responsible for several merchandise classifications. C. It is the second level in the merchandise classification scheme. D. It is at a lower level than the merchandise group in the merchandise classification scheme. E. It is managed by a general merchandise manager (GMM).
Which of the following is true of direct and digital marketing?
A) Its marketing message is fixed and does not change according to the customer's requirements. B) It is suited for highly targeted marketing efforts and for building one-to-one customer relationships. C) It is presented as company news rather than as a sales-directed communication. D) It does not involve any interaction between the company and its customers. E) It is an impersonal promotion tool that hinders two-way communication.
______ managers are the first point of contact with most of the employees when the employees have questions about human resources policies or procedures.
A. Human resource B. Staff C. Line D. Top
Indicate whether each of the following statements is true or false assuming use of the allowance method.________ a) The Allowance for Doubtful Accounts is a contra asset account.________ b) The net realizable value of receivables is the difference between the ending balance of accounts receivable and the ending balance in the allowance for doubtful accounts.________ c) The recognition of uncollectible accounts expense at the end of an accounting period does not affect the net realizable value of accounts receivable.________ d) The write-off of an uncollectible account reduces the net realizable value of accounts receivable.________ e) The write-off of an uncollectible account does not affect the amount of stockholders' equity.
What will be an ideal response?