Question

In: Accounting

how to control fixed overhead cost

how to control fixed overhead cost

Solutions

Expert Solution

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

why is it important to control fixed overhead cost
why is it important to control fixed overhead cost
1) How do you calculate and incorporate fixed manufacturing overhead cost into cost of goods sold...
1) How do you calculate and incorporate fixed manufacturing overhead cost into cost of goods sold under absorption costing? Do you have to factor in goods produced as well as goods sold for this aspect of cost of goods sold? 2) When comparing variable costing net income and absorption costing net income, how do you know whether you are adding or deducting fixed manufacturing overhead deferred or released from inventory under absorption costing?
How do you calcuate the Fixed Overhead (FOH) spending variance and the Fixed Overhead (FOH) production...
How do you calcuate the Fixed Overhead (FOH) spending variance and the Fixed Overhead (FOH) production volume variance given the following information: (budgeted assembly time is 2 hrs per unit of output) Actual Results Static Budget Number of fans assembled $ sold 220 fans 150 fans Hours of assembley time 396 hours         - Variable Overhead (VOH) cost per hr of assembly time           - $ 31.00 VOH costs $ 12,693           - FOH cost $ 15,510 $ 14,100
1. Which of the following costs is typically not a fixed overhead cost for a factory?...
1. Which of the following costs is typically not a fixed overhead cost for a factory? A.Salaries of factory supervisors. B.Rent on the factory building. Property taxes on the factory building. C.Indirect materials used in production. D. None of the answer choices is correct. 2.Which of the following costs does not change in total when the activity level increases or decreases within the relevant range? A.mixed costs B.fixed cost C.variable costs D.relevant costs E.None of the answer choices is correct....
INCENTIVE TO OVERPRODUCE INVENTORY The absorption of fixed overhead costs as part of the cost of...
INCENTIVE TO OVERPRODUCE INVENTORY The absorption of fixed overhead costs as part of the cost of inventory on the balance sheet presents ethical challenges because it provides the opportunity to manipulate reported income. This classic case is based on an actual company’s experience.* Brandolino Company uses an actual-cost system to apply all production costs to units produced. The plant has a maximum production capacity of 40 million units but during year 1 it produced and sold only 10 million units....
INCENTIVE TO OVERPRODUCE INVENTORY The absorption of fixed overhead costs as part of the cost of...
INCENTIVE TO OVERPRODUCE INVENTORY The absorption of fixed overhead costs as part of the cost of inventory on the balance sheet presents ethical challenges because it provides the opportunity to manipulate reported income. This classic case is based on an actual company’s experience.* Brandolino Company uses an actual-cost system to apply all production costs to units produced. The plant has a maximum production capacity of 40 million units but during year 1 it produced and sold only 10 million units....
The standard variable overhead cost rate for Harris Manufacturing is $30.00 per unit. Budgeted fixed overhead...
The standard variable overhead cost rate for Harris Manufacturing is $30.00 per unit. Budgeted fixed overhead cost is $38,700. Harris Manufacturing budgeted 4,300 units for the current period and actually produced 4,400 finished units. What is the fixed overhead volume​ variance? Assume the allocation base for fixed overhead costs is the number of units expected to be produced. A. $900 favorable B. $3,000 favorable C. $3,000 unfavorable D. $900 unfavorable
An overhead budget shows the expected cost of all production costs: a.other than fixed overhead items....
An overhead budget shows the expected cost of all production costs: a.other than fixed overhead items. b.other than direct materials and direct labor. c.including selling and administrative expenses. d.including direct materials and direct labor. To create a meaningful performance report, _____. a.actual costs and prior period costs must be compared at the same level of activity b.actual costs and expected costs must be compared at two different levels of activity c.actual costs and expected costs must be compared at the...
What is the volume variance in fixed overhead? Is the volume variance in fixed overhead favorable...
What is the volume variance in fixed overhead? Is the volume variance in fixed overhead favorable or unfavorable? Use the following scenario to help with the questions: DeFleur manufactures bicycles. The bicycles are manufactured in two divisions. In the framing division, the carbon bicycle frames are manufactured. In the assembly division, the components are assembled to the frame and the bike is ready for sale. There is no market for the unassembled frames and all manufactured frames are transferred to...
16. Assuming that the standard fixed overhead rate is based on full capacity, the cost of...
16. Assuming that the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity is indicated by the               a. fixed factory overhead volume variance b. direct labor time variance c. direct labor rate variance d. variable factory overhead controllable variance 17.A company records its inventory purchases at standard cost but also records purchase price variances. The company purchased 5,000 widgets at $8.00 each, and the standard cost for the widgets is $7.60. Which...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT