Home / Questions / EXERCISE 10A 2 Fixed Overhead Variances LO4 Lusive Corporation has a standard cost system...
EXERCISE 10A–2 Fixed Overhead Variances [LO4]
Lusive Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:
Total budgeted fixed overhead cost for the year . . . . . . . . . . . . . . . . . . . . |
$400,000 |
Actual fixed overhead cost for the year. . . . . . . . . . . . . . . . . . . . . . . . . . . |
$394,000 |
Budgeted standard direct labor-hours (denominator level of activity) . . . . |
50,000 |
Actual direct labor-hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
51,000 |
Standard direct labor-hours allowed for the actual output . . . . . . . . . . . . . |
48,000 |
Required:
1. Compute the fixed portion of the predetermined overhead rate for the year.
2. Compute the fixed overhead budget and volume variances.
Jun 28 2020 View more View Less
Claudia Aceves borrowed from U.S. Bank to buy a home. Two years later, she could no longer aord the monthly payments. e bank notied her that it planned to foreclose on he...
Jul 06 2021Answer the following questions:1. 'Determination of capital structure of a company is influenced by a number of factors' explain three such factors.2. What is m...
Aug 18 20203. The following estimated equation was obtained by OLS regression using quarterly data for 1958 to 1976 inclusive:Yt = 2.20 + 0.104X1t ? 3.48X2t + 0.34X3t.(3.4) (0.005) ...
Apr 27 2020You are applying for a 30-year, fixed-rate (APR 6.50%) mortgage loan for a house that sells for $80,000 today. The mortgage bank will ask you for 20% initial down payment...
Aug 12 2020Capital Foods purchased an oven 5 years ago for $45,000. The oven is being depreciated over its estimated 10 year life using the straight line method to a salvage value o...
Dec 03 2019Al's Sport Store has sales of $2,760, costs of goods sold of $2,000, inventory of $506, and accounts receivable of $416. How many days, on average, does it take the firm ...
Sep 02 2020A tapered barABof solid circular cross section and lengthL(Fig. 2-13a) is supported at endBand subjected to a tensile loadPat the free endA. The diameters of the bar at ...
May 19 2020Choose the correct answer.We asked two women, Denise and (she, her), to come along.
Jun 18 2021Finding Partial Derivatives Using TechnologyIn Exercises 87-90, use a computer algebra system to find the first and second partial derivatives of the function. Determine ...
Aug 01 2021Examples of Regional Economic Integration for Germany?
Apr 12 2021