Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cheney company established a predetermined variabl

Cheney Company established a predetermined variable overhead cost rate at $21.00 per direct labor hour....

70.2K

Verified Solution

Question

Accounting

Cheney Company established a predetermined variable overhead cost rate at $21.00 per direct labor hour. The actual variable overhead cost rate was $19.20 per hour. The planned level of labor activity was 76,000 hours of labor. The company actually used 80,000 hours of labor.

Required

Determine the total flexible budget variable overhead cost variance and indicate the effect of the variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

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

Q

Toronto Manufacturing Ltd. has the following cost and production data for the month of November. Beginning WIP...

Accounting
Q

If $100,000 will purchase a 20-year annuity paying $739 at each month’s end, what monthly compounded...

Basic Math
Q

If we propose a new theory or idea (say a cosmic model) which got no mathematical...

Physics
Q

The Gravy Company has decided to launch a new advertisement campaign in grocery stores to promote...

Basic Math
Q

A uniform vertical electric field E is the space between two large parallel plates A...

Physics
Q

d 12 J 14 A rain drop of mass 1 10 gram falls vertically a...

Physics
Q

Find all values and plot them a 1 i b i i c 2 2...

Geometry
Q

Florence School's spring festival is coming up, and Ms. Gardner is in charge of orderingthe...

Basic Math
Q

Listed below are the lead concentrations (in g/g) measured in different Ayurveda medicines. Ayurveda is...

Basic Math
Q

A random variable X is uniformly distributed between a 3 and b 13 as shown...

Calculus
Q

Exercise 21-15 Assume that on January 1, 2017, Elmer's Restaurants sells a computer system to...

Accounting
Q

42. In preparing a bank reconciliation, a debit memo for a safe deposit box rental...

Accounting