{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T01:08:07-04:00", "answer_date": "2024-05-27 01:08:07", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1769614", "url": "\/study-help\/questions\/120-problem-918-algo-activity-and-spending-variances-lo91-lo92-1769614", "question_creation_date_js": "2024-05-27T01:08:07-04:00", "question_creation_date": "May 27, 2024 01:08 AM", "meta_title": "[Solved] 120 Problem 9-18 (Algo) Activity and Spen | SolutionInn", "meta_description": "Answer of - 120 Problem 9-18 (Algo) Activity and Spending Variances [LO9-1, LO9-2, LO9-3] You have just been hired by FAB Corporat | SolutionInn", "meta_keywords": "120,problem,9-18,algo,activity,spending,variances,lo9-1,lo9-2,lo9-3,hired,fab", "question_title_h1": " 120 Problem 9-18 (Algo) Activity and Spending Variances [LO9-1, LO9-2, LO9-3] You have just been hired by FAB Corporation, the manufacturer of a revolutionary", "question_title": " 120 Problem 9-18 (Algo) Activity and Spending Variances [LO9-1, LO9-2, LO9-3]", "question_title_for_js_snippet": "120 Problem 9 18 (Algo) Activity and Spending Variances LO9 1, LO9 2, LO9 3 You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device The president has asked that you review the company's costing system and do what you can to help us get better control of our manufacturing overhead costs You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March Utilities Maintenance Supplies Indirect labor Depreciation $16,600 Cost Formula $0 18 per machine hour $38,400 $1 40 per machine hour $0 50 per machine hour $94,600 $1 40 per machine hour $67,900 Actual Cost in March $22,360 $ 63,000 $ 10,800 $126,300 $ 69,600 During March, the company worked 20,000 machine hours and produced 14,000 units The company had originally planned to work 22,000 machine hours during March Required 1 Calculate the activity variances for March 2 Calculate the spending variances for March Complete this question by entering your answers in the tabs below Required 1 Required 2 Calculate the activity variances for March (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 )", "question_description": "\"image\"image\"image", "transcribed_text": "120 Problem 9-18 (Algo) Activity and Spending Variances [LO9-1, LO9-2, LO9-3] You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and \"do what you can to help us get better control of our manufacturing overhead costs.\" You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Utilities Maintenance. Supplies Indirect labor Depreciation $16,600 Cost Formula $0.18 per machine-hour $38,400 $1.40 per machine-hour $0.50 per machine-hour $94,600 +$1.40 per machine-hour $67,900 Actual Cost in March $22,360 $ 63,000 $ 10,800 $126,300 $ 69,600 During March, the company worked 20,000 machine-hours and produced 14,000 units. The company had originally planned to work 22,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March. (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.)", "related_book": { "title": "Intermediate Accounting", "isbn": "324300980, 978-0324300987", "edition": "10th Edition", "authors": "Loren A Nikolai, D. Bazley and Jefferson P. Jones", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/120.jpg", "uri": "\/textbooks\/intermediate-accounting-10th-edition-120", "see_more_uri": "" }, "free_related_book": { "isbn": "1607145251", "uri": "\/textbooks\/kaplan-ap-calculus-ab-and-bc-2011-edition-978-1607145257-141646", "name": "Kaplan AP Calculus AB And BC", "edition": "2011 Edition" }, "question_posted": "2024-05-27 01:08:07", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/modern-principles-of-economics\/do-economists-have-any-particular-expertise-at-making-normative-arguments-1146601", "description": "Do economists have any particular expertise at making normative arguments? 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