4-variance analysis find the unknowns. Consider each of the following situationscases A, B, and Cindependently. Data refer
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4-variance analysis find the unknowns. Consider each of the following situations—cases A, B, and C—independently. Data refer to operations for April 2009. For each situation, assume standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours.
Fill in the blanks under each case.
Transcribed Image Text:
Cases A (1) Fixed manufacturing overhead incurred (2) Variable manufacturing overhead incurred $26,500 $30,000 $15,000 (3) Denominator level in machine-hours 1,250 2,750 (4) Standard machine-hours allowed for actual output achieved (5) Fixed manufacturing overhead (per standard machine-hour) Flexible-budget data: (6) Variable manufacturing overhead (per standard machine-hour) (7) Budgeted fixed manufacturing overhead (8) Budgeted variable manufacturing overhead (9) Total budgeted manufacturing overhead 1,625 $ 8.50 $ 5.00 $25,000 $27,500 $31,313 Additional data: (10) Standard variable manufacturing overhead allocated (11) Standard fixed manufacturing overhead allocated (12) Production-volume variance $18,750 $25,000 $ 1,250 U $ 1,250 F $ 875 U $ 250 U $ 4,875 F (13) Variable manufacturing overhead spending variance (14) Variable manufacturing overhead efficiency variance (15) Fixed manufacturing overhead spending variance (16) Actual machine-hours used $ 750 F
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
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