Consider the following two situationscases A and Bindependently. Data refer to operations for April 2020. For each
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Consider the following two situations—cases A and B—independently. Data refer to operations for April 2020. 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.
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Fill in the blanks under each case.
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(1) Fixed manufacturing overhead incurred (2) Variable manufacturing overhead incurred (3) Denominator level in machine-hours (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 overhead² (9) Total budgeted manufacturing overhead³ Additional Data: (10) Standard variable manufacturing overhead allocated (11) Standard fixed manufacturing overhead allocated (12) Production-volume variance (13) Variable manufacturing overhead spending variance (14) Variable manufacturing overhead efficiency variance (15) Fixed manufacturing overhead spending variance (16) Actual machine-hours used "For standard machine-hours allowed for actual output produced. A $ 84,920 $120,400 6,200 $ 88,200 - $124,000 $ 86,800 Cases $ 5,000 F B $23,180 1,000 $ 42.00 $20,000 - $ 4,000 F $2,282 F $ 2,478 F
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ANSWER Case A Situation Amount 1 Fixed manufacturing overhead incurred 120400 2 Variable manufacturi...View the full answer
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Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
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