Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. handerson corporation makes a product with the fol

Handerson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable...

70.2K

Verified Solution

Question

Accounting

image

Handerson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 9.6 kilos 0.6 hours 0.6 hours Standard Price or Rate $ 7.10 per kilo $31.00 per hour $ 7.10 per hour The company reported the following results concerning this product in August. Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 4,300 units 30,130 kilos 32,700 kilos 1,170 hours $206,920 $ 23,836 $ 8,640 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 rate variance for August is

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

Advance Math
1.2K views

Two sets are separated if the intersection of the closure of one of the sets with...

General Management
1.2K views

what is the utility/role of SCM software, and how does SCM differ from first generation ERP?

Physics
1.2K views

The bulk modulus of a spherical object is B If it is subjected to uniform...

Geometry
1.2K views

Your Turn Find the unknown side lengths in each right triangle 3 1 30 4...

Basic Math
1.2K views

f(x) = 4x-x-5What is the value using the theorem for f(5)?

Algebra
1.2K views

Lamar's tuition and fees for the fall semester are $2406. The total fees for the...

Accounting
1.2K views

$ 490,000 $ 132,000 47,000 21,000 200,000 290,000 Sales Variable expenses: Variable manufacturing expenses Sales...

Accounting
1.2K views

In 2019, LB Corp recognized EBT of $69,178 had interest expense of 13,605. Calculate LB's...

Accounting
1.2K views

Consider the following projects: What is the payback period for this project? 3.42 years 2.86...

Accounting
1.2K views

Which of the following items are NOT adjustments or tax preference items for computing alternative...

Accounting
1.2K views

Gain or loss is determined by comparing the cash received and the market value of...

Finance
1.2K views

ASSUME THAT THE RISK-FREE RATE OF RETURN IS 4%, AND THE EXPECTED RETURN ON THE...