Question: Simodong Ltd. uses standard costing for its machine-paced production of printing equipment. Data regarding production during December are as follows: $718,000 Variable manufacturing overhead

Simodong Ltd. uses standard costing for its machine-paced production of printing equipment.

Data regarding production during December are as follows: $718,000 Variable manufacturing overhead

Simodong Ltd. uses standard costing for its machine-paced production of printing equipment. Data regarding production during December are as follows: $718,000 Variable manufacturing overhead costs incurred Variable manufacturing overhead cost rate Fixed manufacturing overhead costs incurred Fixed manufacturing overhead costs budgeted $11.0/standard machine-hour $305.000 $280.000 Denominator level in machine-hours 73,000 Standard machine-hour allowed per unit of output Units of output 1.3 65,500 Actual machine-hours used 81.875 Required: a. Prepare an analysis of all manufacturing overhead variances using the 4-variances analysis framework! b. What are the possible causes of the variable manufacturing overhead variances?

Step by Step Solution

★★★★★

3.28 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Solution a Analysisof Horufostining oueshogde yonlam the 4wance analysis Romesok Variable overhe... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

LMN Company has a June 30 year-end and maintains three bank accounts: City Bank?Regular, City Bank?Payroll, and Metro Bank?Special. Your analysis of cash disbursements records for the period June 23...

For Roche Inc., variable manufacturing overhead costs are expected to be $20,000 in the first quarter of 2012, with $4,000 increments in each of the remaining three quarters. Fixed overhead costs are...

For Justus Inc. variable manufacturing overhead costs are expected to be $20,000 in the first quarter of 2010 with $4,000 increments in each of the remaining three quarters. Fixed overhead costs are...

For Orville Inc., variable manufacturing overhead costs are expected to be $20,000 in the first quarter of 2012 with $4,000 increments in each of the remaining three quarters. Fixed overhead costs...

Orbital Industries Ltd manufactures a variety of materials and equipment for the aerospace industry. A team of P & D engineers in the firm's Technology Park plant has developed a new material that...

Gardi Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category...

Garven Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category...

Gibson Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category...

Activity-Based Costing Cost Flows and Income Statement (L02, L05) Aucton Corporation is a manufacturing company that uses activity-based costing for its external financial reports. The company's...

1. The standard labor rate per hour is $17.50. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 44,600 hours....

Example 5. Find the Fourier series of f(x) = e* in (-7, ) of periodicity 27.

Which checkbox in the policys properties dialog box must be clicked in order to modify the policy setting? Open this policy setting Define this policy setting Modify this policy setting Edit this...

What Organizational culture do youprefer? Ethical Dilemma: Freedom or lack of Commitment? Case incident 2 : Leadership from an introvert's perspective

Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and...

Delta Corp has 2 equal shareholders. Able and Body. Delta and Able & Body are all cash method calendar year taxpayers. On 1/01 of the current year, Deltas A/E&P was $5,000, and its C/E&P...

The single order, 2.4 million parts, will require you to borrow the entire purchase price. You will need to pay your lender 6.125% annual interest. Assume a one-time payment of principle and interest...

A solution with 1.0 M glucose and 0.5 M CaCl, solution has a total osmolarity of: a) 2.0 OsM b) 5.0 OsM c) 2.5 OsM d) 3.5 OsM e) 1.5 OsM

Price the 230 day put and call options with a strike price of $115 over a stock currently trading at $113.47, which is expected to pay a dividend in 17 days time of $2.68 and another dividend in 198...

Answer each question individually In 6hundred to 8hundred words, describe how the goals of sentencing may lead to specific programs and sentencing structures; explain the impact of sentencing...

Natalie's high school friend, Katy Peterson, has been operating a bakery for approximately 10 months, which she calls The Baker's Nook. Natalie and Katy usually meet once a month to catch up and...

Your roommate, Gale Dunham, is confused about sunk costs. Explain to your roommate the meaning of sunk costs and their relevance to a decision to retain or replace equipment.

Amazon.com, Inc.'s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Instructions for accessing and using the complete...

A recent article in The Wall Street Journal entitled As Identity Theft Moves Online, Crime Rings Mimic Big Business states that 39% of the consumer scam complaints by American consumers are about...

Because of the complex nature of the U.S. income tax system, many people have questions for the Internal Revenue Service (IRS). Yet, an article published by the Detroit Free Press entitled...

The practice of phishing, or using the Internet to pilfer personal information, has become an increasing concern, not only for individual computer users but also for online retailers and financial...