Direct materials

Direct labor

Variable$-$MOH

Fixed$-$MOH

$11$ square yards per unit

$1\mathrm{.}1$ DL hours per unit

$1\mathrm{.}1$ DL hours per unit

$1\mathrm{.}1$ DL hours per unit

@$\backslash$$$6/$square yard

@$\backslash$$$14/$DLhour

@$\backslash$$$220/$DLhour

@$\backslash$$$5/$DL hour

Throughout the year, Crane used $3,510$ DL hours in the process of making $3,250$ tents. The company had originally planned to produce and sell $2,950$ tents with budgeted fixed$-$MOH cost of $\backslash (\backslash$$ $16,225\backslash ).$ Its actual fixed$-$MOH costs amounted to $\backslash (\backslash$$ $16,146\backslash )$ for the year.

$($a$)$

Your answer is correct.

Determine Crane's fixed$-$MOH price and volume variances. Also identify whether the company's fixed$-$MOH costs were under$-$or overapplied, and by how much.

Fixed$-$MOH price variance

$\backslash$$

Favorable

Fixed$-$MOH volume variance

$\backslash$$

Favorable

Fixed$-$MOH

$\backslash$$

eTextbook and Media

List of Accounts

Attempts: unlimited

$($b$)$

Your answer is incorrect.

Record the journal entries to accompany the following transactions for fixed$-$MOH: $(1)$ actual fixed$-$MOH cost incurred $($consider half is for depreciation of plant assets, and half is for accrued supervisor salaries$).(2)$ allocation of fixed$-$MOH cost to production, and $(3)$ recognition of specific fixed$-$MOH variances $($vhile closing out the fixed$-$MOH Control account$).($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.$)$