Question

Study Appendix 13. The München Company uses a standard cost system. The month’s data regarding its single product follow (where € is the symbol for the euro, the currency of most countries of the European Union):
● Fixed-overhead costs incurred, €6,300
● Variable overhead applied at €11 per hour
● Standard direct-labor cost, €44 per hour
● Denominator production per month, 220 units
● Standard direct-labor hours per finished unit, 5
● Direct-labor costs incurred, 1,000 hours, €42,500
● Variable-overhead costs incurred, €10,400
● Fixed-overhead flexible-budget variance, €300, favorable
● Finished units produced, 180
Prepare an analysis of all variances (similar to Exhibit 13-10, p. 553).



$1.99
Sales0
Views62
Comments0
  • CreatedNovember 19, 2014
  • Files Included
Post your question
5000