Please do not give solution in image format thanku Factory Overhead Cost Variance ReportTannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 15,000hours for production:Variable overhead costs:Indirect factory laborPower and lightIndirect materialsTotal variable overhead costFixed overhead costs:Supervisory salariesDepreciation of plant and equipmentInsurance and property taxesTotal fixed overhead costIndirect factory laborPower and lightIndirect materialsTotal variable cost$42,00011,40021,000$38,22010,45020,600$69,270$64,98017,10031,920Total factory overhead costTannin has available 19,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actuallyused 14,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows:Actual variable factory overhead costs:$74,400114,000$188,400 unfavorable variance as a positive number. If an amount box does not require an entry, leave it blank. Round your interim computations to the nearest cent, ifrequired.Tannin Products Inc.Factory Overhead Cost Variance Report-Trim DepartmentFor the Month Ended July 31Productive capacity for the month 19,000 hrs.Actual productive capacity used for the month 14,000 hrs.Variable factory overhead costs:Indirect factory laborPower and lightIndirect materialsTotal variable factory overhead costFixed factory overhead costs:Supervisory salariesDepreciation of plant and equipmentInsurance and property taxesTotal fixed factory overhead costTotal factory overhead costTotal controllable variancesNet controllable variance-favorableVolume variance-unfavorable:Idle hours at the standard rate for fixed factory overheadTotal factory overhead cost variance-favorableXActual Cost100000 10000BudgetUnfavorable (Favorable)Variances(at Actual Production) VariancesQOOQ QOOQQI8800 00

Name: Please do not give solution in image format thanku Factory Overhead Co
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku Factory Overhead Cost Variance ReportTannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 15,

A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Business

Accounting

Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 15,000 hours for production: Variable overhead costs: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Indirect factory labor Power and light Indirect materials Total variable cost $42,000 11,400 21,000 $38,220 10,450 20,600 $69,270 $64,980 17,100 31,920 Total factory overhead cost Tannin has available 19,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 14,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead costs: $74,400 114,000 $188,400

Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 15,000 hours for production: Variable overhead costs: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Indirect factory labor Power and light Indirect materials Total variable cost $42,000 11,400 21,000 $38,220 10,450 20,600 $69,270 $64,980 17,100 31,920 Total factory overhead cost Tannin has available 19,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 14,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead costs: $74,400 114,000 $188,400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Is there an excel table showing how to use functions?
How is the access control list approach different from RBAC?
Define deferred call
Which of the following QBO features can be used to save a transaction that will be re-used in the future? Multiple Choice Saved transactions (+) New icon Recurring transactions None of the choices is correct.
please see attached problem
LutoSave 日 Off UnitlILabAssignment_Question1 O Search (Alt-Q) Protected View Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing fx Formula: Multiply, Subtract; Cell Referencing A D E F G H. K Formula: Multiply, Subtract; Cell Referencing Using Excel to Record Stock Entries Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account names from the drop-down lists. Use cell references to the data area. Use mathematical formulas to calculate any amounts not given. On May 10, Jack Corporation issues common stock for cash. Shares of stock issued Par value per share 2,000 24 %24 10.00 Amount at which stock issued 18.00 Journalize the issuance of the stock. 10 11 Date Debit Credit 12 May 10 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 Enter Answer Ready 24
how to find ADF
Can I gt help for part iv, v, vi tank u
Does a user view always require multiple tables to support it? Explain.
look at the image to solve the question
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself