Everjoice Company Makes Clocks

question 14

Essay

Everjoice Company makes clocks. The fixed overhead costs for 20X5 total $720,000. The company uses direct labor-hours for fixed overhead allocation and anticipates 240,000 hours during the year for 480,000 units. An equal number of units are budgeted for each month.
During June, 42,000 clocks were produced and $63,000 were spent on fixed overhead.
Required:
a. Determine the fixed overhead rate for 20X5 based on units of input.
b. Determine the fixed overhead static-budget variance for June.
c. Determine the production-volume overhead variance for June.

---

Definitions:

Different Meanings

The phenomenon where a single word or phrase has multiple interpretations or significances.

Generation X

denotes the demographic cohort following the baby boomers and preceding the Millennials, generally born from the early-to-mid 1960s to early 1980s.

Service Sector

The segment of the economy that provides services rather than producing goods, including industries such as retail, hospitality, finance, and education.

Different Societies

Various groups of individuals living together under a shared system of politics, economy, and culture, each with unique characteristics and social norms.