Questions from Accounting Principles

Q: Compute total overhead variance using the following information. /

Compute total overhead variance using the following information.

Q: Shawke Company’s partially completed flexible overhead budget for the current period follows

Shawke Company’s partially completed flexible overhead budget for the current period follows. This budget is based on its predicted activity of 50% of productive capacity. Complete i...

Q: Shaw Inc. began this period with a budget for 1,

Shaw Inc. began this period with a budget for 1,000 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total actual overhead was $92,000, and actua...

Q: Complete the following partial flexible budget performance report, and indicate whether

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable cost...

Q: For May, Mariana Company planned production of 8,000 units

For May, Mariana Company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following overhead budget. The company applies overhead with a standard of...

Q: Key figures for Apple and Google follow. /

Key figures for Apple and Google follow. Required 1. Compute the recent two years’ cash flow on total assets ratios for Apple and Google. 2. For the current year, which company has...

Q: Mia Wiz sells computers. During May, it sold 350 computers

Mia Wiz sells computers. During May, it sold 350 computers at a $1,200 per unit price. The fixed budget for May predicted sales of 365 computers at an per unit price of $1,100. 1. Compute the sales pr...

Q: Sedona Company set the following standard costs for one unit of its

Sedona Company set the following standard costs for one unit of its product for this year. The $5.60 ($4.00 + $1.60) total overhead rate per direct labor hour (DLH) is based on a predicted activity le...

Q: Refer to the information from Exercise 23-27. Compute the

Refer to the information from Exercise 23-27. Compute the following. 1. Variable overhead spending and efficiency variances. 2. Fixed overhead spending and volume variances. 3. Controllable variance....

Q: Nina Co. prepared the following fixed budget for July using 7

Nina Co. prepared the following fixed budget for July using 7,500 units for budgeted sales. Actual sales were 7,200 units and actual costs are shown below. Prepare a flexible budget performance report...