Claymore Corp. has the following information about its standards and production activity for September. The controllable variance is: Actual total factory overhead incurred$28,175 Standard factory overhead: Variable overhead$3.10 per unit producedFixed overhead ($12,000/6,000 estimated units to be produced)$2 per unitActual units produced 4,800 units
A. $1,295U.
B. $2,400F.
C. $1,295F.
D. $2,400U.
E. $3,695U.
Answer: A
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Which of the following accounts will have an ending balance after the closing process is completed?
A) Dividends B) Rent Expense C) Accumulated Depreciation D) Service Revenue
Since 1986, the only acceptable accelerated depreciation method is the ________
Fill in the blanks with correct word
Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred in completing a job.
Answer the following statement true (T) or false (F)
Garry Corporation's most recent production budget indicates the following required production: OctoberNovemberDecemberRequired production (units)210,000175,000110,000?Each unit of finished product requires 5 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November?
A. 1,006,250 B. 793,750 C. 893,500 D. 1,012,500