Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,200...
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Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,200 machine- hours. The budgeted fixed manufacturing overhead costs are $253,440. In April, the actual fixed manufacturing overhead costs were $258,480 and the standard machine-hours allowed for the actual output were 7,500 machine-hours. Required: a. Compute the budget variance for April. b. Compute the volume variance for April. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to 2 decimal places.) a. Budget variance b. Volume variance Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,200 machine- hours. The budgeted fixed manufacturing overhead costs are $253,440. In April, the actual fixed manufacturing overhead costs were $258,480 and the standard machine-hours allowed for the actual output were 7,500 machine-hours. Required: a. Compute the budget variance for April. b. Compute the volume variance for April. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to 2 decimal places.) a. Budget variance b. Volume variance
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SOLUTION a To compute the budget variance for April we need to compare the ... View the full answer
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Posted Date:
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