1 answer

Morgan Manufacturing makes a product with the following standard costs: Standard Quantity or Hours Standard Price...

Question:

Morgan Manufacturing makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Standard Cost per Unit

Direct materials 6.5 kilos $1.00 per kilo $6.50
Direct labor 0.3 hours $10.00 per hour $3.00
Variable overhead 0.3 hours $4.00 per hour $1.20

In January the company's budgeted production was 7,400 units but the actual production was 7,200 units. The company used 45,580 kilos of the direct material and 2,400 direct labor-hours to produce this output. During the month, the company purchased 48,500 kilos of the direct material at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead cost was $7,714.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The variable overhead efficiency variance for January is:

Select one:

a. $960.00

b. $3,840.00

c. $27,360.00

d. $18,240.00


Answers

Variable overhead efficiency variance = Standard rate*(Actual hours-Standard hours)
Variable overhead efficiency variance = 4.00*(2400-7200*0.3)= $960.00 Unfavorable
Option A $960.00 is correct
.

Similar Solved Questions

1 answer
Which of the following will put 10 letter a’s in a text box? (aaaaaaaaaa will appear...
Which of the following will put 10 letter a’s in a text box? (aaaaaaaaaa will appear in the text box) Select one: a. for (int x=1; x<=10; x++) { txtA.text = a; } b.for (int x=1; x<=10; x++) { txtA.text = txtA.text + “a”; } c. for (int x=1; x<=10; x++) { txtA.text = “...
1 answer
1. 2. 3. 4. 5. 6. 7. Shawna reads a scatterplot that displays the relationship between...
1. 2. 3. 4. 5. 6. 7. Shawna reads a scatterplot that displays the relationship between the number of cars owned per household and the average number of citizens who have health insurance in neighborhoods across the country. The plot shows a strong positive correlation. Shawna recalls that cor...
1 answer
Please explain big O. I don't get it Prove the following, using either the definition of...
Please explain big O. I don't get it Prove the following, using either the definition of Big-O or a limit argument. (a) log_2 (n) elementof O(n/log_2(n)) (b) 2^n elementof O(n!) (c) log_2(n^2) + log_2 (100n^10) elementof O(log_2 (n)) (d) n^1/2 elementof O(n^2/3) (e) log(3n) elementof O(log(2n...
1 answer
2.[10]For the function, f(x), given on the interval 0 < x <L (a)[4] Sketch the graphs...
2.[10]For the function, f(x), given on the interval 0 < x <L (a)[4] Sketch the graphs of the even extension g(x) and odd extension h(x) of the function of period 2L over three periods (b) [6] Find the Fourier cosine and sine series of f(x) f(x) = 3 - x 0<x<3...
1 answer
Accounting 1A module 2 -decimals operations and rounding Module 2- 0.18 3/25 converted to a decimal...
Accounting 1A module 2 -decimals operations and rounding Module 2- 0.18 3/25 converted to a decimal is-M] 5. 0.45 converted to a fraction is 8. .04 expressed as a percentage is s place is...
1 answer
Help please Suppose a simple random sample of size n=1000 is obtained from a population whose...
help please Suppose a simple random sample of size n=1000 is obtained from a population whose size is N=2,000,000 and whose population proportion with a specified characteristic is p0.52 Complete parts (a) through (c) below (a) Describe the sampling distribution of O A. Approximately normal. 052 and...
1 answer
Per phase. The line feeds a balanced delta-connected load, which absorbs a total complex power of...
per phase. The line feeds a balanced delta-connected load, which absorbs a total complex power of 12 + 15 kVA. The line voltage at the load end has A three-phase line has an impedance of 1 + 3 a magnitude of 220 V. References eBook & Resources Section Break Difficulty: Medium Learning Objective:...
1 answer
A6. a. Translate “X is a sufficient condition for Y” into an “if ... then” statement....
A6. a. Translate “X is a sufficient condition for Y” into an “if ... then” statement. b. Translate “X is not sufficient for Y to be true” into an “and” statement. c. Negate “only if q happens does p happen”. d. If "x implies y”, &...
1 answer
Multiple-Step and Single-Step Income Statements, and Statement of Comprehensive Income On December 31, 2019, Opgenorth Company...
Multiple-Step and Single-Step Income Statements, and Statement of Comprehensive Income On December 31, 2019, Opgenorth Company listed the following items in its adjusted trial balance: Loss from fire (pretax) $8,000 General and administrative expenses $17,000 Interest revenue 3,000 Sales 180,...
1 answer
Credits Problems. (Total 50 Points) Problem 1. The trial balance of Lakewood Inc. included the following...
Credits Problems. (Total 50 Points) Problem 1. The trial balance of Lakewood Inc. included the following accounts as of December 31, 2016: Debits Sales revenue 1,800,000 Interest revenue 800,000 Gain on sale of investments 50,000 Cost of goods sold 1,100,000 Selling expenses 220,000 Impairment loss ...
1 answer
*PLEASE provide All three components of the cash flow statement: Operations, Investing, and Financing. Thanks! The...
*PLEASE provide All three components of the cash flow statement: Operations, Investing, and Financing. Thanks! The following information is related to Alpha Company's fiscal year 2017. Income Statement S300,000 50,000 Gain on Sale of Plant Assets 10,000 500 Balance Sheet 12/31/17: Increase (Decr...
1 answer
5) Find T(t),n(t), B(t),r(t),k(t) and ρ(t) for r(t)=tT+(3t-1) 6) Find the graph of the osculating...
plz show all steps in a readable handwritting for problem number 5,6 & 7 5) Find T(t),n(t), B(t),r(t),k(t) and ρ(t) for r(t)=tT+(3t-1) 6) Find the graph of the osculating circle to the curve y = x2 at the point (1,1) 7) Let r(t) = t21-7j+ 2t2k.Given thata= a:T+aM a) Find the tangential c...
1 answer
1. CUNILIUL L UI howed a balance of Bank Reconciliation The Seattle First Company's bank statement...
1. CUNILIUL L UI howed a balance of Bank Reconciliation The Seattle First Company's bank statement for the month of September: cated a balance of $13,375. The company's cash account in the general ledger showed a bal $10,030 on September 30. Other relevant information includes the following:...
1 answer
Please show the correct answer for it. I have tried it not 0C and -3.89e-6 C...
Please show the correct answer for it. I have tried it not 0C and -3.89e-6 C and 3.89e-6C. 4. +1 points My Notes Ask Your Teacher The two spheres in the figure are charged. Each has a mass of 0.57 kg. The lower mass is rigidly attached to the floor, with a charge of 9.6 x 103 C. The mass above it is...
1 answer
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company’s flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 8,000 ...
1 answer
Given a solid wire of radius R in which there is a volume current density J=...
given a solid wire of radius R in which there is a volume current density J= a/s solve for a, do not leave a in solution. Calculate total current I (s is radial term) Find magnetic field inside find magnetic vector potential A inside...
1 answer
Sion 18 of 20 Map CO2 "ОН ou Select answer Select answer Select answer Select answer...
sion 18 of 20 Map CO2 "ОН ou Select answer Select answer Select answer Select answer 1. CH3MgBr 2. H20 1. CO2 2. H30* 1. PBr3, pyridine 2. Mg, ether 1. LiAlH4 2. H2O SOCI2 Select answer Mg-Br Select answer : Chun Yim Solution Check Answer Next Exit...
1 answer
1) Consider a (15,5) linear block code (cyclic) in systematic form. The generator polynomial is given...
1) Consider a (15,5) linear block code (cyclic) in systematic form. The generator polynomial is given as. g(x) = 1 + x + x2 + x5 + x + x10. a. Design and draw the circuit of the feedback shift register encoder and decoder.(6 Marks) b- Use the encoder obtained in part a to find the code word for the ...
1 answer
Recording Purchase transactions Jeet Company and Reece Company use the perpetual inventory system. The following transactions...
Recording Purchase transactions Jeet Company and Reece Company use the perpetual inventory system. The following transactions occurred during the month of April. a. On April 1, Jeet Company purchased merchandise on account from Reece Company with credit terms of 2/10, n/30. The selling price of the ...