Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. factory overhead ost variances thomas textiles cor

Factory Overhead Ost Variances Thomas Textiles Corporation began November with a budget for 39,000 hours...

50.1K

Verified Solution

Question

Accounting

image
Factory Overhead Ost Variances Thomas Textiles Corporation began November with a budget for 39,000 hours of production in the weaving Department. The department has a full capaty of 52,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows Variable overhead $109.200 Fixed overhead 78,000 Total 3187,200 The actual factory overhead was $249 400 for November. The actual Boxed factory overhead was au budgeted. During November, the Weaving Department had standard hours of actual production volume of 41,000 hours Determine the variable factory overhead controlable vanance and the fixed factory overhead volume variance Enter favorable variance as a negative number on and all unfavorable vanance as a positive number. Round your interim computations to the nearest cent, if required a. Variable factory overhead controllable variance Favorable b. Poved factory overhead volume variance Unfavorable

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Which of the following is a question about blology Select all that apply Check All...

Physics
1.2K views

1 54 8 Figure 1 54 shows four point charges at the of a square...

Basic Math
1.2K views

9 a b The waiting times at a local coffee shop have a mean of...

Calculus
1.2K views

Given the matrices A and B shown below find A B A E 0 6...

Calculus
1.2K views

ne integral x z ds where C is the line segment from 0 1 2...

Algebra
1.2K views

Find the sum of the following series 3 3 0 7 1 4 2 1...

Algebra
1.2K views

You have 1600 that you invest at 5 simple interest What is the balance after...

Accounting
1.2K views

Schedule of Activity Costs Quality Control Activities Activity Cost Product testing $55,000 Assessing vendor quality...

Accounting
1.2K views

4.) first blank options are income, dividend, or revenues the secjnd blank options are...

Accounting
1.2K views

Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four...

Accounting
1.2K views

Read the following case study and answer the questions: FINANCIAL PROJECTIONS AND CAPITAL EXPENDITURE OF...

Accounting
1.2K views

Which of the following general control activities involves documenting difficulties with processing and the subsequent...