subject
Business, 12.11.2019 01:31 ttrump03

Exercise 9.15 overhead variances, four-variance analysis: oerstman, inc., uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours. (practical capacity is 500,000 hours). annual budgeted overhead costs total $787,200, of which $556,800 is fixed overhead. a total of 119,400 units using 478,000 direct labor hours were produced during the year. actual variable overhead costs for the year were $230,600, and actual fixed overhead costs were $556,250.1. compute the fixed overhead spending volume variances. how would you interpret the spending variance? discuss the possible interpretations of the volume variance. which is the most appropriate for this example? 2. compute the variable overhead spending efficiency variables. how is the variable overhead spending variance like the price variances of direct labor and direct materials? how is it different? how is the variable overhead efficiency variance related to the direct labor efficiency variance?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 02:30, bellamore
Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do
Answers: 2
image
Business, 22.06.2019 08:10, gildedav001
The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to
Answers: 3
image
Business, 22.06.2019 11:30, jennybee12331
Money from an allowance or job is known as .
Answers: 3
image
Business, 22.06.2019 16:10, donbright100
Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
Answers: 1
You know the right answer?
Exercise 9.15 overhead variances, four-variance analysis: oerstman, inc., uses a standard costing sy...

Questions in other subjects:

Konu
Mathematics, 01.12.2019 16:31