Consider the following data for two independent cases. Data refers to the month of November. Data provided
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Question:
Consider the following data for two independent cases. Data refers to the month of November. Data provided below assumes standard costing as well as the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours.
Case A | Case B | |
Fixed manufacturing OH incurred | $27,000 | $132,900
|
Variable manufacturing OH incurred | $10,511 | ?
|
Denominator level in machine-hours | ? | 45,000
|
Standard machine-hours allowed for actual output achieved | 4,700 | ?
|
Fixed manufacturing OH per standard machine-hour | ? | ?
|
Flexible-Budget Data: |
| |
Variable manufacturing OH per standard machine-hour | ? | $2.10
|
Budgeted Fixed manufacturing OH | $23,375 | $130,500
|
Budgeted Variable manufacturing OH for standard machine-hours allowed for actual output produced | ? | ?
|
Total budgeted manufacturing OH for standard machine-hours allowed for actual output produced | ? | ?
|
Additional Data: |
| |
Standard variable manufacturing OH allocated | $10,340 | ?
|
Standard fixed manufacturing OH allocated | $19,975 | ?
|
Production-volume variance | ? | $580 F
|
Variable manufacturing OH spending variance | $457 U | $1,490 F
|
Variable manufacturing OH efficiency variance | ? | $1,680 F
|
Fixed manufacturing OH spending variance | ? | ? |
Actual machine-hours uses | ? | ? |
Fill in the blanks. For each blank you filled, you must provide supporting calculations.
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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