Consider each of the following situations-cases A, B, and C-independently. Data refer to operations for April 2015.
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Fill in the blanks under each case.
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Cases 1. Fixed manufacturing overhead incurred 2. Variable manufacturing overhead incurred 3. Denominator level in machine-hours 4. Standard machine-hours allowed for actual $26,500 $15,000 1,250 $30,000 2,750 output achieved 1,625 5. Fixed manufacturing overhead (per standard machine-hour) Flexible-budget data 6. Variable manufacturing overhead (per standard machine-hour) S 8.50 $ 5.00 7. Budgeted fixed manufacturing overhead 8. Budgeted variable manufacturing overheada 9. Total budgeted manufacturing overheada $25,000 $27,500 $31,313 Additional data 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 $18,750 $25,000 $ 1,250 U 1,250 F S 875 U $ 250 U 4,875F S0 $ 750 F
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Known figures denoted by an Total budgeted manufacturing overhead 18750 25000 43750 Case B Denominat...View the full answer
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133138443
7th Canadian Edition
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
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