4-variance analysis find the unknowns. Consider each of the following situationscases A, B, and Cindependently. Data refer
Question:
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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
4variance analysis find the unknowns Denominator level Budgeted FMOH costs Budgeted FMOH rate 17500 ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Consider each of the following situations independently. (Ignore income taxes.) 1. Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will...
-
Each of the following situations concerns revenue recognition for services. 1. Delta Airlines books a reservation for a roundtrip flight to Orlando for Ming Tsai on April 12. Delta charges the $425...
-
A company that manufactures three products a b and c requires two raw materials - labor and material - need to determine the optimal production that maximizes its total profit. A linear program was...
-
It has been reported that the 49,600 employees of United Airlines are distributed among the following corporate functions: For the sample space consisting of United employees: a. Draw a Venn diagram...
-
The note middle C on a piano has a fundamental frequency of about 262 Hz. What is the frequency of the second harmonic of this note?
-
In the Chapter 11 Data Analytics Case, you used Tableau to examine a data set and create calculations to compare the relative age of two companies assets. In this case you continue in your role as an...
-
Explain the significance of collection class and provide two examples.
-
During the first month of operations (September 2014), Holt Music Services Corporation completed the following selected transactions: a. The business received cash of $50,000 and a building with a...
-
The income statement of Ellen Corporation for the years 2018 and 2019 showed the following information. Sales 2019 2018 $97,000 $74,000 Cost of Goods Sold $74,000 $47,000 Gross Profit $23,000 $27,000...
-
Using the information in Table 7.1, construct another table showing how a lump-sum franchise tax of $30 affects the various average cost curves of the firm. Table 7.1 Average Variable Cost, AVC =...
-
Graphs and overhead variances. Fresh, Inc. is a manufacturer of vacuums and uses standard costing. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted...
-
Flexible budgets, 4-variance analysis. (CMA, adapted) Nolton Products uses standard costing allocates manufacturing overhead (both variable and fixed)to products on the basis of standard direct...
-
A government bond is currently selling for $1,195 and pays $75 per year in interest for 14 years when it matures. If the redemption value of this bond is $1,000, what is its yield to maturity if...
-
Hardin Associates, a developer of shopping centers, hired Brummet to head its development division. Brummet was hired on an oral contract of employment for an indefinite time. When he was later...
-
The Defective Subcontractor Data Problem A contracting officer awarded a sole source, non-commercial, firm-fixed-price service contract with a one-year period of performance for a price of...
-
being victimized by consumer fraud perpetrated through a telephone boiler room operation, how victims are impacted by fraud, and what victims can do to prevent their becoming victims. In March 1993,...
-
There are five members of the board of directors of Clean Environment Company ("CEC"). At the most recent quarterly board meeting, where all 5 directors were present, the board was presented with an...
-
Section 7.3 Stockholders' Approval. (a) Target shall promptly call a meeting of its stockholders for the purpose of voting upon this Agreement and the transactions contemplated hereby and, subject to...
-
What is the elasticity of demand for season ski passes? When the price of a season ski pass is $400, buyers, whose demand curve for passes is linear, wish to purchase 10,000 passes per year, but when...
-
In the current year, the City of Omaha donates land worth $500,000 to Ace Corporation to induce it to locate in Omaha and create an estimated 2,000 jobs for its citizens. a. How much income, if any,...
-
Which type of isomerism is NOT considered structural isomerism? (a) Coordination isomerism (b) Linkage isomerism (c) Geometric isomerism
-
What are the four key assumptions examined in specification analysis in the case of simple regression?
-
What are the four key assumptions examined in specification analysis in the case of simple regression?
-
What are the four key assumptions examined in specification analysis in the case of simple regression?
-
Jun. 3 Purchased inventory on account with credit terms of 4/10, n/EOM, $2,100. 9 Returned 30% of the inventory purchased on June 3. It was defective. 12 Sold goods for cash, $940 (cost, $564). 15...
-
Jorge and Anita, married taxpayers, earn $151,600 in taxable income and $40,400 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly,...
-
How does the design of change interventions account for contextual factors such as organizational culture, leadership style, and readiness for change, as they tailor intervention strategies,...
Study smarter with the SolutionInn App