Everjoice Company Makes Clocks

question 10

Essay

Everjoice Company makes clocks. The budgeted fixed overhead costs for 2012 total $720,000. The company uses direct labour-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 2012 based on units of input.
b. Determine the fixed overhead static-budget variance for June.
c. Determine the production-volume overhead variance for June.

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Definitions:

Black Women

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National Association

An organization formed for the purpose of advocating on behalf of a specific national interest or to conduct activities around a specific area of concern, often seen in titles of groups like the NAACP (National Association for the Advancement of Colored People).

Colored Women

A historic term referring to women of non-white racial backgrounds, often used during times when racial segregation and discrimination were legal and socially enforced.

Urban Black Middle Class

A demographic group that emerged in American cities, characterized by African Americans who attained middle-class economic status and education levels, contributing significantly to the cultural and political landscape.