Business, 14.04.2020 17:27 xoxokaydavis5837
Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 121,000 units requiring 484,000 direct labor hours. (Practical capacity is 504,000 hours.) Annual budgeted overhead costs total $745,360, of which $546,920 is fixed overhead. A total of 119,300 units using 482,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $240,000, and actual fixed overhead costs were $555,150. Required: 1. Compute overhead variances using a two-variance analysis. Budget Variance $ 787,171 Unfavorable Volume Variance $ Unfavorable 2. Compute overhead variances using a three-variance analysis. Spending Variance $ Unfavorable Efficiency Variance $ Unfavorable Volume Variance
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Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
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By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?
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Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system...
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