Consider each of the following situations-cases A, B, and C-independently. Data refer to operations for April 2013.
Question:
Consider each of the following situations-cases A, B, and C-independently. Data refer to operations for April 2013. 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.
REQUIRED
Fill in the blanks under each case.
Transcribed Image Text:
Cases 1. Fixed manufacturing overhead incurred 2. Variable manufacturing overhead incurred 3. Denominator level in machine-hours 4. Standard machine-hours allowed for actual S30,000 S26,500 S15,000 1,250 2,750 1,625 output achieved 5. Fixed manufacturing overhead (per standard machine-hour) Flexible-budget data: 6. Variable manufacturing overhead (per standard 8.50 3.00 machine-hour) 7. Budgeted fixed manufacturing overhead 8. Budgeted variable manufacturing overhead* 9. Total budgeted manufacturing overhead* $25,000 $27,500 31,313 Additional data: S18,750 S25,000 10. Standard variable manufacturing overhead allocated 11. Standard fixed manufacturing overhead allocated 12. Production-volume variance 13. Variable manufacturing overhead rate variance 14. Variable manufacturing overhead efficiency variance 15. Fixed manufacturing overhead rate variance 16. Actual machine-hours used 1,250 U 1,250 F 875 UU $0 250 U 4,875 F $ 750 F For standard machine-hours allowed for actual output produced.
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Known figures denoted by an Total budgeted manufacturing overhead 14375 27500 41875 a Budgeted FMOH ...View the full answer
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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