1 answer

Montgomery Company has developed the following flexible budget formulas for its four overhead items: Fixed Cost...

Question:

Montgomery Company has developed the following flexible budget formulas for its four overhead items: Fixed Cost $10,000 $ 1,5

Montgomery Company has developed the following flexible budget formulas for its four overhead items: Fixed Cost $10,000 $ 1,500 Overhead item Maintenance Power Indirect labor cost Equipment lease Total Variable rate per direct labor hour $ 3.00 $ 0.30 $12.00 $_7,000 $18,500 $15.30 Montgomery normally produces 15,000 units (each unit requires 0.30 direct labor hours); however this year 19,000 units were produced with the following actual costs: Overhead item Maintenance Power Indirect labor cost Equipment lease Total costs Actual costs $14,000 $ 2,200 $70,000 $_7,000 $93,200 Calculate the variance for maintenance using an after-the-fact flexible budget. a. $13,100 F b. $1,000 F c. $11,000 u d. $13,000 u e. None of these choices are correct.

Answers

ANSWER:

Flexible budget variance = Flexible budget expense-Actual expense

Flexible budget variance = (19000*.3*.30+1500)-2200

Flexible budget expense = 1010 F

Flexible budget expense = 1010 F

So answer is e) None of the Above.

_____________________________________________

If you have any query or any Explanation please ask me in the comment box, i am here to helps you.please give me positive rating.

*****************THANK YOU**************

.

Similar Solved Questions

1 answer
SHOW STEPS PLEASE lor the following products for the following reaction. reaction. 1.Br NaOH 2" 2.H1o
SHOW STEPS PLEASE lor the following products for the following reaction. reaction. 1.Br NaOH 2" 2.H1o...
1 answer
Differential Equations An electromotive force E(t), LR-series, Find the current i(t)
Differential Equations An electromotive force E(t), LR-series, Find the current i(t) An electromotive force E(t) defined as shown in the figure below E(t) 20 is applied to an LR-series circuit in which the inductance is 20 henries and the resistance is 2 ohms. Find the current i(t), over the time in...
1 answer
10.2.44 Question Help The headline reporting the results of a poll stated, "Majority of Adults at...
10.2.44 Question Help The headline reporting the results of a poll stated, "Majority of Adults at Personal Best in the Morning. The results indicated that a survey of 1200 adults resulted in 54% stating they were at their personal best in the morning. The poll's results were reported with a ...
1 answer
Translate the following C code to MIPS assembly code. Use a minimum number of instructions. Register...
Translate the following C code to MIPS assembly code. Use a minimum number of instructions. Register allocations - i $s0 - j $s1 - base of A[] $s2 - base of B[] $s3 2) A[3] = B[i] + B[j]; 3) i = 0; while (j != A[i]) { i++; }...
1 answer
Which of the following would not produce the following molecule? ki Alkene?? HP0, بد لا لية...
Which of the following would not produce the following molecule? ki Alkene?? HP0, بد لا لية IV...
1 answer
How does Hubble's Law support the Big Bang Theory?
How does Hubble's Law support the Big Bang Theory?...
1 answer
Check my work Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat....
Check my work Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales Selling price per unit Cost per unit Variable selling and administrative expense (p...
1 answer
How do you find the vertical, horizontal or slant asymptotes for #(x^2 - 5x + 6)/( x - 3)#?
How do you find the vertical, horizontal or slant asymptotes for #(x^2 - 5x + 6)/( x - 3)#?...
1 answer
10. Which of the following statements is true?* (3 Points) The word "cost" has the same...
10. Which of the following statements is true?* (3 Points) The word "cost" has the same meaning in all situations in which it is used. All organizations incur the same types of costs. Costs incurred in one year are always meaningful in the following year. Different cost concepts and classifi...
1 answer
Consider the case of a Newtonian fluid undergoing laminar, pressure-driven flow between two parallel, infinite flat...
Consider the case of a Newtonian fluid undergoing laminar, pressure-driven flow between two parallel, infinite flat plates separated by a distance B (Figure). The bottom plate is stationary and the top plate moves at a constant velocity Vup. For a constant dynamic pressure gradient, AP/AX, P-p-g r, ...
1 answer
Name Answer all questions. I. Use the standard reaction enthalpies given below to determine ??.n for...
Name Answer all questions. I. Use the standard reaction enthalpies given below to determine ??.n for the following reaction Given: What is the enthalpy change (in kJ] of a chemical reaction that raises the temperature of 250.0 mL of solution having a density of 1.25 g/ml by 9.20°c? (The specific...
1 answer
What is the 7th term of the geometric sequence where a1 = –4 and a5 = –1,024?
What is the 7th term of the geometric sequence where a1 = –4 and a5 = –1,024?...
1 answer
How do you simplify #- |-4| + |-6| - |3| + |-1|#?
How do you simplify #- |-4| + |-6| - |3| + |-1|#?...
1 answer
Exercise 11-6 (Video) Lewis Company's standard labor cost of producing one unit of Product DD is...
Exercise 11-6 (Video) Lewis Company's standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $13.10 per hour. During August, 40,600 hours of labor are incurred at a cost of $13.25 per hour to produce 11,200 units of Product DD. (a) Compute the total labor variance. ...
1 answer
1. 2 pts. Jake enjoys walking with his friends every Saturday. The following table contains information...
1. 2 pts. Jake enjoys walking with his friends every Saturday. The following table contains information on Jake's utility from the walking with his friends. Fill in the blank cells to calculation the total utility and marginal utility and draw a total utility and marginal utility curves. Margina...
1 answer
During recessions which type of spending falls? Group of answer choices investment but not consumption. consumption...
During recessions which type of spending falls? Group of answer choices investment but not consumption. consumption but not investment. consumption and investment. neither consumption nor investment....
1 answer
How many grams of sodium azide are needed to provide sufficient nitrogen gas to fill a 50.0 × 50.0 × 25.0 cm bag to a pressure of 1.15 atm at 25.0 °C?
How many grams of sodium azide are needed to provide sufficient nitrogen gas to fill a 50.0 × 50.0 × 25.0 cm bag to a pressure of 1.15 atm at 25.0 °C?...