18-26
, overoplied 31 4 10052 101 1053 Assume that budgeted total owerhead is$1,000,000 and that budgeted machine-hours are 100,000 for the coming period. Actual overhead wm $1,006,000 and actual machine-hours were 102,000 Overhead for the periodis Lloverapplied/underapplied by$_ One other ne between the income statement under the two method, absorption and variable colting in that absorption costing focust on LON while variable coyting focus on _. Manufacturing readers are thered oft during the period rather than bollurred and cried forward to the next per part of entorycent The only differences between incoming and wable conting we the treatment of and the preparation and wered cort under both shortion and variable costing methods Under 102 1036 Variable and peres are not part of product costs under either absorption or variable conting methods 10 OS 98 99 100 22. 101 102 23. administrative 103 beginning 104 24. contribution 105 cost driver 106 25 direct labor 107 108 direct labor-hours 10926. direct materials dollars of direct labor cost ending expensed fixed fixed manufacturing overhead $1,000,000 and that budgeted machine-hours are $1,006,000 and actual machine-hours were 102,000. Overhead for the period is One difference between the income statements under the two methods, absorption and va while variable costing focuses on margin. all _manufacturing overhead costs are charged aldur the next period as part of inventory cost. rferences between absorption costing and variable costing are the treatment of preparation expenses are treated as _costs under both absorption and v and and expenses are not part of product costrunderelther absorption 110 111 112 113 114 115 116 117 118 Completion Ready Manufacturing overhead is when the amount of overhead applied to product When the reverse is true, overhead is Assume that budgeted total overhead is $1,000,000 and that budgeted machine-hours ar $1,006,000 and actual machine-hours were 102,000. Overhead for the period is ross 95 20. overapplied 96 underapplied 97 21. overapplied 98 99 100 22. 101 102 23. fixed manufacturing overhead 103 for the period ended 104 24. income statement 105 106 2s. indirect labor indirect materials job cost 109 26. level of activity machine-hours 111 manufacturing manufacturing overhead margin name of company 116 One difference between the income statements under the two methods, absorption and while variable costing focuses on margin. all _manufacturing overhead costs are charped off the next period as part of inventory cost. sferences between absorption costing and variable costing age the treatment of preparation and expenses are treated as costs under both absorption 107 108 and expenses are not part of product costs under ether absorp 110 112 113 114 115 117 103 104 24. 105 forward to the next period as part of Inventory cost. The only differences between absorption costing and variable costing are the treatmen preparation and expenses are treated as costs under both absorpti 106 25. margin name of company 107 108 109 26. overapplied and _expenses are not part of product costs under either at 110 111 112 113 period predetermined overhead rate process cost selling statement of cost of goods manufactured total budgeted overhead underapplied variable costing work in process inventory 115 116 117 118 119 120 121 122 123 M Completion Ready , overoplied 31 4 10052 101 1053 Assume that budgeted total owerhead is$1,000,000 and that budgeted machine-hours are 100,000 for the coming period. Actual overhead wm $1,006,000 and actual machine-hours were 102,000 Overhead for the periodis Lloverapplied/underapplied by$_ One other ne between the income statement under the two method, absorption and variable colting in that absorption costing focust on LON while variable coyting focus on _. Manufacturing readers are thered oft during the period rather than bollurred and cried forward to the next per part of entorycent The only differences between incoming and wable conting we the treatment of and the preparation and wered cort under both shortion and variable costing methods Under 102 1036 Variable and peres are not part of product costs under either absorption or variable conting methods 10 OS 98 99 100 22. 101 102 23. administrative 103 beginning 104 24. contribution 105 cost driver 106 25 direct labor 107 108 direct labor-hours 10926. direct materials dollars of direct labor cost ending expensed fixed fixed manufacturing overhead $1,000,000 and that budgeted machine-hours are $1,006,000 and actual machine-hours were 102,000. Overhead for the period is One difference between the income statements under the two methods, absorption and va while variable costing focuses on margin. all _manufacturing overhead costs are charged aldur the next period as part of inventory cost. rferences between absorption costing and variable costing are the treatment of preparation expenses are treated as _costs under both absorption and v and and expenses are not part of product costrunderelther absorption 110 111 112 113 114 115 116 117 118 Completion Ready Manufacturing overhead is when the amount of overhead applied to product When the reverse is true, overhead is Assume that budgeted total overhead is $1,000,000 and that budgeted machine-hours ar $1,006,000 and actual machine-hours were 102,000. Overhead for the period is ross 95 20. overapplied 96 underapplied 97 21. overapplied 98 99 100 22. 101 102 23. fixed manufacturing overhead 103 for the period ended 104 24. income statement 105 106 2s. indirect labor indirect materials job cost 109 26. level of activity machine-hours 111 manufacturing manufacturing overhead margin name of company 116 One difference between the income statements under the two methods, absorption and while variable costing focuses on margin. all _manufacturing overhead costs are charped off the next period as part of inventory cost. sferences between absorption costing and variable costing age the treatment of preparation and expenses are treated as costs under both absorption 107 108 and expenses are not part of product costs under ether absorp 110 112 113 114 115 117 103 104 24. 105 forward to the next period as part of Inventory cost. The only differences between absorption costing and variable costing are the treatmen preparation and expenses are treated as costs under both absorpti 106 25. margin name of company 107 108 109 26. overapplied and _expenses are not part of product costs under either at 110 111 112 113 period predetermined overhead rate process cost selling statement of cost of goods manufactured total budgeted overhead underapplied variable costing work in process inventory 115 116 117 118 119 120 121 122 123 M Completion Ready
