Question: Can someone please provide me with the solution to the blanks? The problem chapter 8 #33 has fill-in the blanks but it isn't completed online.
Can someone please provide me with the solution to the blanks? The problem chapter 8 #33 has fill-in the blanks but it isn't completed online. I am struggling with how to complete the problem. Can someone provide me with direction or the answer? This is for Cost Accounting 15 edition.
I am working on from Cost Accounting 15 ed. Horngren, chapter 8 problem 33, I was unable to copy and paste the question in the chat. Is there someplace (email) I can send it to? I need assistance with how to complete the problem.
Here is the question I am working on:
Overhead variance, missing information. Consider the following 2 situations - cases A and B - independently. Data refer to oeprations for April 2014. 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.
| Cases | |||||
| A | B | ||||
| 1 | Fixed manufacturing overhead incurred | $84,920 | $23,180 | ||
| 2 | Variable Manufacturing overhead incurred | $120,400 | |||
| 3 | Denominator level in machine hours | $1,000 | |||
| 4 | Standard machine hours allowed for actural output achieved | $6,200 | |||
| 5 | Fixed manufacturing overhead (per standard machine hour) | ||||
| Flexibible-Budget Data: | |||||
| 6 | Variable manufacturing overhead (per standard machine hour) | $42 | |||
| 7 | Budgeted fixed manufacturing overhead | $88,200 | $20,000 | ||
| 8 | Budgeted fixed manufacturing overhead | ||||
| 9 | Total bugeted manufacturing overhead | ||||
| Additional Data: | |||||
| 10 | Standard variable manufacturing overhead allocated | $124,000 | |||
| 11 | Standard fixed manufacturing overhead allocated | $86,800 | |||
| 12 | Production volume variance | $4,000 | F | ||
| 13 | Variable manufacturing overhead spending variance | $5,000 | F | $2,282 | F |
| 14 | Variable manufacturing overhead efficiency variance | $2,478 | F | ||
| 15 | Fixed manufacturing overhead spending variance | ||||
| 16 | Actual machine hours used | ||||
Fill in the blankds under each case [Hint: prepare a worksheet similar to that in Exhibit 8-4 pg 304. Fill in the knowns and then solve for the unknows.]
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