Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. overhead is applied on the basis of standard machi

Overhead is applied on the basis of standard machine hours. 3.00 hours of...

50.1K

Verified Solution

Question

Accounting

image

Overhead is applied on the basis of standard machine hours. 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for $495,000. Selling and administrative expenses were $39,300. Assume that the amount of raw materials purchased equaled the amount used. (a) Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, eg. 52.)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Three pairs of genes with two alleles each (A1 and A2, B1 and B2, and...

Biology
Q

Please circle the answers and please make sure that it is true answer. Thank you. A particle...

Physics
Q

In alligators, rounded snout is dominant to a pointed snout. Cross a homozygous rounded snout...

Biology
Q

4 Given ZQ ZS ZTRS ZRTQ Prove AQRT ASTR R Statement Reaso

Geometry
Q

Evan works Tuesday through Saturday at their family s convenience store Besides the free snacks...

Basic Math
Q

In an all boys school, the heights of the student body are normally distributed with...

Basic Math
Q

Which of the following is an example of procedural law the time limits for filing...

Statistics
Q

8 State the z scores that most closely approximates the following probabilities hint similar to...

Statistics
Q

Delegating decision making to lower-level managers, thereby enabling an organisation to react quickly to opportunities...

Accounting
Q

If the entity does not have adequate controls over cash or the auditor suspects that...

Accounting
Q

El mtodo de costo de contabilizacin de acciones requiere que la inversin se incremente por...

Accounting
Q

C100 Sandy What where we beve has the scent Instructions you to the nearestado do...

Finance