Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the company also established the foliowing cost fo

The company also established the foliowing cost formulas for its selling expenses: The planning budget...

90.2K

Verified Solution

Question

Accounting

image
The company also established the foliowing cost formulas for its selling expenses: The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: a. Purchased 164,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production. b. Direct-laborers worked $7,000 hours at a rate of $17,00 per hour. c. Total variable manufacturing overhead for the month was $653,220. d. Total advertising, sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000, respectively. Foundational 9.11 (Algo) 11 What is the variable overhead tate variance for March? Indicate the effect of each variance bu selecting "F" for favorable. "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