The following information comes from the records of Dina Co. for the current period.
a. Compute the overhead controllable and volume variances. In each case, state whether the variance is favorable or unfavorable.
b. Prepare the journal entries to charge overhead costs to goods in process and the overhead variances to their proper accounts.
Factory overhead (based on budgeted production of 24,500 units)
Variable overhead $2.25/direct labor hour
Fixed overhead $1.95/direct labor hour
Definitions:
Gray Matter
The darker tissue of the brain and spinal cord, consisting mainly of nerve cell bodies and branching dendrites, involved in processing and storing information.
Psychoneuroimmunological
Relating to the study of the interactions between psychological processes, the nervous system, and the immune system.
Interpersonal Problems
Issues or difficulties in interactions with other people, which may include communication problems, misunderstanding, and conflicts.
Schizotypal Personality Disorder
A mental health disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.
Q19: The salaries of employees who spend all
Q29: David Birch,president of the research firm Cognetics,suggests
Q35: A department that incurs costs without directly
Q70: In a make or buy decision, management
Q87: A June sales forecast projects that 6,000
Q113: Cambridge, Inc., is preparing its master budget
Q133: How does the calculation of break-even time
Q160: A company's flexible budget for 48,000 units
Q162: Use the following data to determine the
Q179: The break-even point is the sales level