Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help!! the predetermined overhead rate

please help!! The predetermined overhead rate is $5, comprised of a...

60.1K

Verified Solution

Question

Accounting

please help!!
image
The predetermined overhead rate is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $8,900 variable and $12,000 fixed, and 1,500 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is $1,600 Favorable $700 Unfavorable $5,900 Unfavorable $1,600 Unfavorable $700 Favorable $5,900 Favorable 3 points The standard predetermined overhead rate used in setting the standard overhead cost is determined by dividing actual overhead costs by an expected standard activity index. actual overhead costs by actual activity. budgeted overhead costs by actual activity. budgeted overhead costs by an expected standard activity index

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

According to Dewey, what are the three natural resources that contribute to the training of thought?

Psychology
Q

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below....

Accounting
Q

Why are humans most likely to form communities?A. To maintain codes of civil human conductB....

Biology
Q

In Young s double slit arrangement slits are separated by a gap of 0 5...

Physics
Q

One hundred college seniors attending a career fair at a university were categorized according to...

Algebra
Q

3 When riding on a Ferris wheel your height h in meters above the ground...

Algebra
Q

Question A) Tasty Beverages is a soft drink company specializing in fruit...

Accounting
Q

Kingston anticipates total sales for June and July of $440,000 and $468,000, respectively. Cash sales...

Accounting
Q

Denise's AGI is $145,000 before considering her single rental property. During the year, Denise had...

Accounting
Q

Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert...

Accounting
Q

The following are the balances in each partner's capital account: Partner A 540,000 Fartner B...

Accounting
Q

Problems 307 (c) Diane Ross has $20,000 to invest tod ay at 9% to pay...

Accounting