Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you have just been hired by fab corporation, the m

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage...

70.2K

Verified Solution

Question

Accounting

image
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,100 + $0.18 per machine-hour $38, 400 - $1.50 per machine-hour $0.60 per machine-hour $94,300 - $1.80 per machine-hour $67,600 Actual Cost in March $ 21,320 $ 60, 700 $ 11,200 $129,400 $ 69,300 During March, the company worked 17,000 machine hours and produced 11,000 units. The company had originally planned to work 19,000 machine-hours during March Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. ..tavin nur answers in the tabs below

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

The odor of a dead fish is attributed to trimethylamine, (CH3)3N, one of a series of...

Chemistry
Q

Consider the debate over the validity of projective tests. Do you believe that people reveal underlying...

Psychology
Q

Write a 2 page reflective essay on the importance of reconciliation in stakeholder negotiation and conflict resolution.

Psychology
Q

Section 3.1 Measures of Central Tendency pH in Water: The acidity of alkalinity of a solution is measured...

Basic Math
Q

discuss the purposes for planning the audit and identify the steps that are performed during this...

Accounting
Q

If you were to compare the lipid composition of bacteria that has acclimatedfrom 10C to...

Biology
Q

Which term did the Communist Manifesto use to identify the working class (the "have- nots")?...

Biology
Q

13 In his comedies Shakespeare is well known for OA fatally flawed characters OB revealing...

Biology
Q

The Horizontal Line Test If it is possible to draw a horizontal line that touches...

Geometry
Q

D Y B B X Et a use the oLs method to estimate B b...

Basic Math
Q

Smith Company can produce two types of carpet cleaners, Brighter and Cleaner. Data on these...

Accounting
Q

Required information Rafner Manufacturing has the following budgeted data for its two production departments. locate...

Accounting