Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 7.00

Rickenbaker Corporation

The following data for November have been provided by Rickenbaker Corporation, a producer of precision drills for oil exploration:

 
Budgeted production   4,150 drills
Standard machine-hours per drill   8.7 machine-hours
Standard indirect labor $ 9.7 per machine-hour
Standard power $ 3.5 per machine-hour
Actual production   4,450 drills
Actual machine-hours   40,050 machine-hours
Actual indirect labor $ 422,528  
Actual power $ 117,915  

 

 


Required:

Compute the variable overhead rate variances for indirect labor and for power for November. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to the nearest dollar amount.)
 
Indirect labor $ (Click to select) F U None
Power $ (Click to select) U F None

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 03:08 PM My Price 7.00

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