Consider the following two situations-cases A and B- independently. Data refer to operations for April 2017. For
Question:
Consider the following two situations-cases A and B- independently. Data refer to operations for April 2017. 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 $27,000 $10,511 $132,900 (1) Fixed manufacturing overhead incurred (2)Variable manufacturing overhead incurred (3) Denominatorlevel in machine-hours (4) Standard machine-hours allowed for actual 45,000 4.700 output achieved (5) Fixed manufacturing overhead (per standard machine-hour) Flexible-Budget Dat:a (6) Variable manufacturing overhead (per S 2.10 (7) (8) (9) standard machine-hour) Budgeted fixed manufacturing overhead Budgeted variable manufacturing overhead* Total budgeted manufacturing overhead* S23,375 $130,500 Additional Data: (10) Standard variable manufacturing overhead $10,340 allocated (11) Standard fixed manufacturing overhead $19,975 (12) (13) allocated Production-volume variance Variable manufacturing overhead spending S 580 F S 1,490 F S 457 U vaiance (14) (15) (16) Variable manufacturing overhead efficiency S 1,680 F vaiance Fixed manufacturing overhead spending vaiance Actual machine-hours used
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Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
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