Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. overhead information for cran-mar company for octo

Overhead information for Cran-Mar Company for October follows: Total factory overhead cost incurred $ 30,000...

80.2K

Verified Solution

Question

Accounting

Overhead information for Cran-Mar Company for October follows: Total factory overhead cost incurred $ 30,000 Budgeted fixed factory overhead cost $ 7,125 Total standard overhead rate per machine hour (MH) $ 4.90 Standard variable factory overhead rate per MH $ 3.00 Standard MHs allowed for the units manufactured 3,600 Required: 1. What is the standard fixed factory overhead rate per machine hour (MH)? 2. What is the denominator activity level that was used to establish the fixed factory overhead application rate? 3. Two-way analysis (breakdown) of the total factory overhead cost variance: Using panel B in Exhibit 15.7 as a guide, calculate the following factory overhead cost variances for October and indicate whether each variance is favorable (F) or unfavorable (U). a. Total flexible-budget variance. b. Production volume variance. c. Total overhead cost variance. 4. Confirm your answer to 3b above by using the model at the bottom of Exhibit 15.6 to calculate the production volume variance and indicate whether the variance is favorable (F) or unfavorable (U).

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

Tom has taken out a loan for college. He started paying off the loan with a...

Finance
1.2K views

1. AFN equation Broussard Skateboard's sales are expected to increase by 25% from $8.0 million in 2016...

Medical Sciences
1.2K views

Provide the route that one oxygen molecule, O2, will take as it moves from the room...

General Management
1.2K views

a.How does big data impact and change enterprise Data warehouse and data management infrastructure ? b.How can...

Physics
1.2K views

A truck weighing 8000 kg is moving along 30 a track with negligible friction at...

Physics
1.2K views

1 total energy kinetic energy 3 potential energy A body starts from rest with uniform...

Physics
1.2K views

57 A parallel plate air capacitor has capacitance C Now half of the space is...

Accounting
1.2K views

In order to evaluate a company's gross profit ratio, a) the ratio should be compared...

Accounting
1.2K views

The Ivanhoe Company accumulates the following cost and net realizable value data at December 31...

Accounting
1.2K views

[The following information applies to the questions displayed below.] Simon Company's year-end...

Accounting
1.2K views

\table[[\table[[GOLDEN CORPORATION]]],[Statement of Cash Flows],[For Current Year Ended December 31],[Cash flows from operating activities],[Cash received...

Accounting
1.2K views

please help. thank you so much for all your time and efforts ...