Computer the variable MOH rate and efficiency variances given the following information: Top Shoe Mfg....
90.2K
Verified Solution
Link Copied!
Question
Accounting
Computer the variable MOH rate and efficiency variances given the following information: Top Shoe Mfg. uses direct labor hours as the allocation base in its predetermined OH rate. The company has the following standard variable MOH cost for each left-handed shoe: 3.7 standard labor hours per left-handed shoe at $9.25 per labor hour. Last month, employees actually worked 19,000 labor hours to make 5,000 left-handed shoes. (Round off your answers to 2 decimal places). Variable MOH was actually $170,000. Actual Hours Actual Hours Actual Hours Standard Hours X X X X Actual Rate Standard Rate Standard Rate Standard Rate Calculate the ROI for Yr. 2 given the following data: Calculate your answer to five decimal points. Income Operating Assets Sales Yr. 1 $13,500 $109,009 $122,093 Yr. 2 $19,332 $134,231 $155,301
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!
