Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. handerson corporation makes a product with the fol

Handerson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable...

70.2K

Verified Solution

Question

Accounting

image

Handerson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 9.6 kilos 0.6 hours 0.6 hours Standard Price or Rate $ 7.10 per kilo $31.00 per hour $ 7.10 per hour The company reported the following results concerning this product in August. Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 4,300 units 30,130 kilos 32,700 kilos 1,170 hours $206,920 $ 23,836 $ 8,640 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for August is

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

A cost estimator for a construction company has collected the data found in the source file...

Statistics
Q

When we consume excessive carbohydrates and protein from diet, the body store them in the adipose...

Medical Sciences
Q

(Future value)  You are hoping to buy a house in the future and recently received an inheritance...

Finance
Q

A 0.726-kg rope 2.00 meters long lies on a floor. You grasp one end of the...

Physics
Q

In a Carnot engine the temperature of reservoir is 92 and that of sink is...

Physics
Q

Solve 4 sin 20 2 sin 0 for all solutions 0 2 0 1 82...

Basic Math
Q

Ying is a professional deep water free diver.His altitude (in meters relative to sea level),...

Basic Math
Q

What steps should an organization take to prevent fraudulent shipments of merchandise? How can these...

Accounting
Q

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information...

Accounting
Q

PLZ show work I will upvote ...

Accounting
Q

A fact is material if Multiple Choice The reasonable person would find it misleading during...

Finance
Q

Now it's time for you to practice what you've learned. Suppose that you are given...

Finance