The Motions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to...

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The Motions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2020. E (Click the icon to view the table.) Read the requirements. Requirements ... 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances. 2. Prepare journal entries for Motions' June 2020 variable and fixed Requirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances. manufacturing overhead costs and variances; write off these variances to Cost of Goods Sold for the quarter ending June 30, 2020. Begin by calculating the following amounts for the variable overhead (OH). Actual Input 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? Actual Costs Flexible Allocated Incurred Budgeted Rate Budget Overhead Variable OH $ 6,712 $ 6,272 $ 6,720 $ 6,720 Now complete the table below for the fixed manufacturing overhead. Print Done Same Budgeted Lump Sum Actual Costs Regardless of Flexible Allocated Data table Incurred Output Level Budget Overhead Fixed OH 12330 Actual Static The Motions Corporation (June 2020) Results Budget Number of centrifuges assembled and sold 120 127 Hours of assembly time 224 Variable manufacturing overhead cost per hour of assembly time 28 Variable manufacturing overhead costs 6,712 Fixed manufacturing overhead costs 12,330 $ 11,430 The Motions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2020. E (Click the icon to view the table.) Read the requirements. Requirements ... 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances. 2. Prepare journal entries for Motions' June 2020 variable and fixed Requirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances. manufacturing overhead costs and variances; write off these variances to Cost of Goods Sold for the quarter ending June 30, 2020. Begin by calculating the following amounts for the variable overhead (OH). Actual Input 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? Actual Costs Flexible Allocated Incurred Budgeted Rate Budget Overhead Variable OH $ 6,712 $ 6,272 $ 6,720 $ 6,720 Now complete the table below for the fixed manufacturing overhead. Print Done Same Budgeted Lump Sum Actual Costs Regardless of Flexible Allocated Data table Incurred Output Level Budget Overhead Fixed OH 12330 Actual Static The Motions Corporation (June 2020) Results Budget Number of centrifuges assembled and sold 120 127 Hours of assembly time 224 Variable manufacturing overhead cost per hour of assembly time 28 Variable manufacturing overhead costs 6,712 Fixed manufacturing overhead costs 12,330 $ 11,430

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Answers Solution Requirement 1 Analysis of all variable manufacturing fixed Manufacturing overhead variance Actual Flexible Budget Static Budget Outpu... View the full answer