subject
Business, 15.04.2020 23:32 keely8468

Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL’s standard cost card follows:

Standard Quantity

Standard Rate

Standard Unit Cost

Variable manufacturing overhead

0.6

$0.80

$0.48

During August, LLL had the following actual results:

Units produced and sold

25,200

Actual variable overhead

$

9,510

Actual direct labor hours

16,200

Required:

Compute LLL’s variable overhead rate variance, variable overhead efficiency variance, and over or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.)

Variable Overhead Rate Variance

$

Variable Overhead Efficiency Variance

$

Variable Overhead Spending Variance

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 12:30
If research reveals that a company has a large number of unresolved complaints and a poor business rating, which external source did you most likely use during this research? a. blogs b. better business bureau c. social media d. local chamber of commerce e. mint global
Answers: 3
question
Business, 22.06.2019 09:30
Which are the best examples of costs that should be considered when creating a project budget?
Answers: 2
question
Business, 22.06.2019 16:10
Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.
Answers: 2
question
Business, 22.06.2019 21:00
Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations.
Answers: 1
You know the right answer?
Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direc...
Questions
question
English, 09.11.2020 14:00
question
French, 09.11.2020 14:00
question
Physics, 09.11.2020 14:00
question
Mathematics, 09.11.2020 14:00
question
Mathematics, 09.11.2020 14:00