Manufacturing overhead, variance analysis. Solutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are
Question:
Manufacturing overhead, variance analysis. Solutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is two hours per unit. The follow- ing table shows the budgeted amounts and actual results related to overhead for June 2009.
REQUIRED 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances using the columnar approach in Exhibit 8-12, p. 387.
2. Prepare journal entries for Solutions’ June 2009 variable and fixed manufacturing overhead costs and variances; write off these variances to cost of goods sold for the quarter ended June 30, 2009.
3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs?LO1
Step by Step Answer:
Cost Accounting A Managerial Emphasis
ISBN: 9780135004937
5th Canadian Edition
Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing