Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. reed company employs standard costing and applies

Reed Company employs standard costing and applies overhead on the basis of direct labor hours....

60.1K

Verified Solution

Question

Accounting

Reed Company employs standard costing and applies overhead on the basis of direct labor hours. The standards and actual operating data for the month are as follows:

Standards
Direct labor hours per unit

2.5 hours
Variable overhead per direct labor hour

$1.75
Fixed overhead per direct labor hour

$3.10
Budgeted variable overhead

$21,875
Budgeted fixed overhead

$38,750
Standard hours allowed

11,250 hours
Budgeted hours

12,500 hours

Actual
Direct labor hours

10,000 hours
Variable overhead

$26,250
Fixed overhead

$38,000

The volume variance is:

A.

$3,875 UF
B.

none of these
C.

$3,875 F
D.

$4,750 F
E.

$4,750 UF

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

Let V be the set of all ordered triples of real numbers. For u = (u1,...

Basic Math
Q

Answer the following question in a composition of 10 to 20 sentences 1. Explain what is missing...

General Management
Q

1 1kbp Hindill 0 15 kbp Oc3 O d 4 O e 5 Hindill amp...

Biology
Q

Cephalization is most commonly associated with Osessile animals Oradial symmetry Obilateral symmetry

Biology
Q

Example 47 White light is passed through a prism of angle 5 If the refractive...

Physics
Q

Solve the system by using any method. If a system does not have one unique...

Basic Math
Q

5 4 J 2 1 Y intercept End Behavior 24 22 20 18 16 14...

Algebra
Q

The tax liability for a single individual with taxable income of...

Accounting
Q

You are given the following information: Receivables at 1 January 20X3 $10,000 Receivables at 31...

Accounting
Q

Exercise 8-10(Algo) Analyze and record deferred revenues (LO8-4) Watermelon sells gift cards in...

Accounting
Q

Financial & Managerial Accounting (problem 14.5A, c. (2) & (3). Sweet Tooth Incorporation's Quick Ratio...

Accounting
Q

A system which uses both a process costing system and a job order system will...

Accounting