Simodong Ltd. uses standard costing for its machine-paced production of printing equipment. Data regarding production during...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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? 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?
Expert Answer:
Answer rating: 100% (QA)
Solution a Analysisof Horufostining oueshogde yonlam the 4wance analysis Romesok Variable overhe... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date:
Students also viewed these accounting questions
-
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...
-
A yo-yo moves downward until it reaches the end of its string, where it "sleeps." As it sleeps-that is, spins in place-its angular speed decreases from 35 rad/s to 25 rad/s. During this time it...
-
Outline the steps involved in developing a cash budget.
-
The Shareholders' Equity section of Holiday Roads Company's balance sheet shows: Net income for 2017 was $1,700,000, preferred stock dividends were $200,000, and common stock dividends were $500,000....
-
Football and Brain Size Exercise 2.143 on page 102 introduces a study that examines several variables on collegiate football players, including the variable Years, which is number of years playing...
-
Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Taylor family afford if their gross (before-tax) monthly income amounted to $4,000? Would it make any...
-
33. As shown in Figure 19-31, a point charge of +15.0 nC is located d 6.50 cm above the midpoint of a uniformly charged fixed thin rod of length 4.00 cm and carrying a total charge of +80.0 C....
-
A piece-rate employee receives $30 for each desktop computer assembled and has a standard 40-hour workweek. During the weekly pay period ending December 16, 48 computers were assembled during 44...
-
English (United States) A stock has an expected return of 17.5% and a beta of 1.65. Another asset which has low risk with a beta of .25 is earning 3.25% a) What is the expected return on a portfolio...
-
Find a particular solution to in a > 0. Yp= dy dy +8x dx da +12y = x sin(x).
-
If f(x) = 10x (x), find f'(10).
-
Let f(x)=8x+8-5e. Then the equation of the tangent line to the graph of f(x) at the point (0, 3) is given by y = mx + b for m= b =
-
Suppose f(x) is some function, and you determine the second derivative is f''(x)=5(x-2)(x-4). Find the intervals on which the function is concave up and concave down. Write the intervals using...
-
Use Newton's method to approximate a root of the equation 3x7 + 4x4 + 2 = 0 as follows. Let x1 = 2 be the initial approximation. The second approximation 2 is and the third approximation 23 is Carry...
-
Question 4 Data in the table below represent the incentives to sales team and sales revenues of David Martins Plc from year 2013 to 2022. Table: Incentives to sales team vs. Sales revenues from 2013...
-
Multiple Choice Questions: 1. The largest component of aggregate demand is? a. Government purchases. b. Net exports. c. Consumption. d. Investment. 2. A reduction in personal income taxes, other...
-
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...
-
Consider the following binary linear programming formulation of a capital budgeting problem. \[ \begin{array}{ll} \text { Max } & 1,200 x_{1}+600 x_{2}+950 x_{3}+1,650 x_{4} \\ \text { s.t. } &...
-
A 1.0-cm-diameter sphere is charged to a potential of \(3400 \mathrm{~V}\). How much charge is on the sphere?
-
a. What is the potential difference between the terminals of an ordinary AA or AAA battery? (If you're not sure, find one and look at the label.) b. An AA battery is connected to a parallel-plate...
Study smarter with the SolutionInn App