What was total standard cost for variable overhead for may, Accounting Basics

+44 141 628 6080
[email protected]

What was total standard cost for variable overhead for may

The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow:

Labor rate variance: $ 7,000 F
Labor efficiency variance: $12,000 F
Variable overhead efficiency variance: $ 4,000 F
Number of units produced: 10,000
Standard labor rate per direct labor hour: $ 12
Standard variable overhead rate per direct labor hour: $ 4
Actual labor hours used: 14,000
Actual variable manufacturing overhead costs: $58,290

what was the total standard cost for variable overhead for May ?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was total standard cost for variable overhead for may

Reference No:- TGS071368

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : What was the amount of overhead cost

The Adlake Company makes and sells a single product and uses a standard cost system. During October, the company budgeted $300,000 in manufacturing overhead cost at a denominator activity of 20,000 machine-hours.

Q : What would be the total amount of overhead applied

Union Company uses a standard cost accounting system. The following overhead costs and production data are available for August:

Q : Capital expenditures or revenue expenditures

Identify the following expenditures as capital expenditures or revenue expenditures:

Q : At which level of production starts stage two of production

At which level of production starts stage two of production? Over which range of production, the marginal product of the variable input would be increasing in the short run.

Q : What was total standard cost for variable overhead for may

The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow:

Q : Protection is necessary for young industries to grow up

Which of the following is the most accurate statement? A. Protection is necessary in order for young industries to grow up and be successful. B. Protection is not necessary for an industry to grow.

Q : What would gross savings rate have to be to achieve growth

The gross savings rate is 10%. Use the Harrod-Domar growth equation to determine the rate of growth. What would the gross savings rate have to be to achieve 5% growth?

Q : What is the dividend yield

ABC, Inc. has earnings per share of $1.44. The newspaper shows a P/E of 23 and a dividend of $1.39 for shares of ABC, Inc stock. What is the dividend yield?

Q : Draw budget constraint and identify optimal combination

Draw the budget constraint (with books on the horizon axis)and identify the optimal combination of books and movies as point A.

1960157

Questions
Asked

3,689

Active Tutors

1450313

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was total standard cost for variable overhead for may

Reference No:- TGS071368

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What was the amount of overhead cost

Q : What would be the total amount of overhead applied

Q : Capital expenditures or revenue expenditures

Q : At which level of production starts stage two of production

Q : What was total standard cost for variable overhead for may

Q : Protection is necessary for young industries to grow up

Q : What would gross savings rate have to be to achieve growth

Q : What is the dividend yield

Q : Draw budget constraint and identify optimal combination

Investigate the cause of the recent werewolf attacks

Describe marxist theory and psychology of addiction

Explain framers decisions in creating the constitution

Federal bureaucracy has to put up with a lot of red tape

What power of recognition when it comes to office president

What right ordinance power give to the president

Analyze leadership of organization during particular event

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was total standard cost for variable overhead for may

Reference No:- TGS071368

Recent Questions Asked Accounting Basics

Q : What was the amount of overhead cost

Q : What would be the total amount of overhead applied

Q : Capital expenditures or revenue expenditures

Q : At which level of production starts stage two of production

Q : What was total standard cost for variable overhead for may

Q : Protection is necessary for young industries to grow up

Q : What would gross savings rate have to be to achieve growth

Q : What is the dividend yield

Q : Draw budget constraint and identify optimal combination

Asked Questions