Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. trini company set the following standard costs per

Trini Company set the following standard costs per unit for its single product Overhead is...

80.2K

Verified Solution

Question

Accounting

image
image
image
Trini Company set the following standard costs per unit for its single product Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 63,000 units per quarter. The following additional information is available. During the current quarter, the company operated at 90% of capacity and produced 56,700 units; actual direct labor totaled 393,900 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. Direct materials (1,686,090 pounds $5.10 per pound) Direct labor (393,960 hours @$12.00 per hour) Fixed overhead Variable overhead Actual cost $8,598,6004,726,8603,360,6003,164,200$19,869,600 Required: (a) Compute the variable overhead spending and efficiency variances (b) Compute the fixed overhead spending and volume variances (c) Compute the overhead controllable variance Complete this question by entering your 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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Three instructors in a coordinated course, T1, T2, and T3 evaluates axam papers. T1 evaluates 20%...

Statistics
Q

what are the differences between individualistic and collectivistic cultures in conceptions of love?

Psychology
Q

1) Explain how different engine operating conditions affect combustion ( ignition delay, temperatures, air fuel ratio,...

Mechanical Engineering
Q

4. Use music wire to make a series of springs with wire diameters [0.075”, 0.080”, 0.085”,...

Mechanical Engineering
Q

ariable X y 49 4 15 6 22 5 53 3 58 2 70 3...

Statistics
Q

Find the maximum or minimum value of the function f x 36x x Is this...

Calculus
Q

Costs per Equivalent Unit The following informatian concerns production in the Baking Department for December....

Accounting
Q

For a hospital corporation, which ratios could be adversely affected if increases in costs or...

Accounting
Q

pls help with balance sheet Use the following accounts with...

Accounting
Q

A mortgage for a condominium had a principal balance of $46,000 that had to be...

Finance
Q

Required: Match each description to the appropriate step under IFRS 15

Accounting
Q

QUESTION 22 Nickel LLC. has income statement and balance sheet shown below. Investors in Nickel...

Finance