2 The Principles Corporation is a manufacturer of centrihugos. Flored and variable manufacturing overhead are allocated to each centrifuge using budgeted assembly hours. Budgeted assembly time is 2 hours per unit. The Click the icon to view the table.) Requirements 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances 2 Prepare joumal entries for Principles June 2014 variable and food manufacturing overhead costs and variances: write of these variances to cost of goods sold for the quarter ending June 30.2014 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? Data Table Requirement 1. Prepare an analysis of all variable manufacturing overhead and face Begin by calculating the following amounts for the variable overhead Actual Input Actual Costs Flexible incurred Budgeted Rate Budget Variable OH Now complete the table below for the fixed manufacturing overhead Same Budgeted Actual Results 225 360 Statie Budget 110 The Principles Corporation (June 2014) Number of centrifuges assembled and sold Hours of assembly time Variable manufacturing overhead cost per hour of assembly time Variable manufacturing overhead costs Fixed manufacturing overhead costs $ 3200 5 11.933 12.180 S 10.780 Choose from any list or enter any number in the input fields and then continue te Print Done 11 Type here to search O 8 e > 111 7/4 The Principle Carporation is a manufacturer of carefuges Flued and variable manteculing overheads are allocated to each confuge using budguid assembly hours Budged assembly time a 2 hours per unit. The following table shows the budgeted amounts and actual resultated to overhead for June 2014 Click the icon to view the table Requirements 1. Prepare an analysis of all variable manufacturing overhead and fred manufacturing overhead variances 2 Prepare journal entries for Principles June 2014 variable and fed manufacturing overhead costs and variance write of these variances to cost of goods sold for the quarter ending June 30, 2014 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fred manufacturing overhead costs Requirement 1. Prepare an analysis of all variable manufacturing overhead and feed manufacturing overhead variances Begin by calculating the following amounts for the variable overhead Actual Input Actual Costs Allocated incurred Budgeted Rate Budget Overhead VOH Now complete the table below for the feed manufacturing ved Same Budgeted Choose from any list or enter any number in the input fields and then continue to the next question Type here to search >> 117 PM 74/2020 The Principles Corporation is a manufacturer of cantifuges Fored and variable manufacturing overheads are allocated to each centrikuge using budgeted assembly hours. Budgeted assembly time in 2 hours per unit. The following Click the icon to view the table) Requirements 1. Prepare an analysis of all variable manufacturing overhead and fored manufacturing overhead variances 2 Prepare journal entries for Principles June 2014 variable and fixed manufacturing overhead costs and variances: write off these variances to cost of goods sold for the quarter ending June 30, 2014. How does the planning and control of variabile manutacturing overhead costs diner trom the planning and control of fred manufacturing overhead costs? Now complete the table below for the fired manufacturing overhead Same Budgeted Lump Sum Actual Costs Regardless of Flexible Allocated Incurred Output Level Budget Overhead Fed CH Now complete the 4-variance analysis using the amounts you calculated above. If no variance exists have the dollar value blank Label the variance as favorable 7). unfavorable (U) or never a variance (NO) 4- Variance Spending Elficiency Production Volume Analysis Variance Variance Variance Choose from any lst or enter any number in the input fields and then continue to the next question 1:17 PM Type here to search O e-boe9 The Principles Corporation is a manufacturer of cereriluges Fleed and variable manufacturing overheads are located to each cenoluge using budgeted assembly-hours Budgered assembly time is 2 hours per unit The following table shows the budgeted amounts and actual results related to overhead for June 2014 Click the icon to view the table Requirements 1. Prepare an analysis of all variable manufacturing overhead and find manufacturing overhead variances 2 Prepare joumal entries for Principles June 2014 variable and fixed manufacturing overhead costs and variances; write of these variances to cost of goods sold for the quarter ending June 10, 2014. 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fired manufacturing overhead costs? 4-Variance Spending Efficiency Production Volume Analysis Variance Variance Variance Variable OH Feed OH Requirement 2. Prepare journal entries for Principles June 2014 variable and feed manufacturing overhead costs and variances, write of these variances to cost of goods sold for the quarter ending June 30, 2014. (Record debits first the credits Exdude explanations from any journal entries) Begin by recording the actual variable manufacturing overhead incurred Journal Entry Date Accounts Dobile Credit Choose from any list or enter any number in the input fields and then continue to the next question + Type here to search 1:17 PM 7/4/2020 The Principles. Corporation is a manufacture of contestupes. Food and variable mandacturing overheads are allocated to each centrifuge using budgeted assembly hours. Budgeted assembly time is 2 hours per unit. The following Click the icon to view the table) Requirements 1. Prepare an analysis of all variable manufacturing overhead and foved manufacturing overhead variances 2 Prepare joumal entries for Principles June 2014 variable and fixed manufacturing overhead costs and variances: write off these variances to cost of goods sold for the quarter ending June 30, 2014 3. How does the planning and control of variable manufacturing overhead costa differ from the planning and control of fixed manufacturing overhead coats? Requirement 2. Prepare joumal entries to Principles June 2014 variabile and feed manufacturing overhead costs and variances write of these variances to cost of goods sold for the quarter ending June 30, 2014. (Record debits first, then credits Exclude plations from any oumanie) Begin by recording the actual variable manufacturing overhead incurred Journal Entry Date Credit Accounts Debit Choose from any est or enter any number in the input fields and then continue to the next question 117 PM Type here to search au o e E 1. The Principles Corporation is a manufacturer of certitupes. Fired and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly hour. Budgeted assembly time in 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2014 Click the icon to view the table.) Requirements Prepare an analysis of all variable manufacturing overhead and fred manufacturing overhead variances 2 Prepare joumal entries for Principles June 2014 variable and fixed manufacturing overhead costs and variances: write of these variances to cost of goods sold for the quarter ending June 30.2014 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fred manufacturing overhead costs? Record the variable manufacturing overhead allocated Journal Entry Debit Credit Date Accounts Record the variable manufacturing overhead variances for the period Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question 8 Type here to search 1:17 PM 7/4/2020 The Principles Corporation is a manufacturer of centrifuge Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following Click the icon to view the table.) Requirements 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances 2. Prepare jumal entries for Principles June 2014 variable and fixed manufacturing overhead costs and variances: write of these variances to cost of goods sold for the quarter ending June 30, 2014 How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fored manufacturing overhead costs? Record the variable manufacturing overhead verlances for the period Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead variance write-off Journal Entry hoose from any list or enter any number in the input fields and then continue to the next question Type here to search 1:17 PM 7/4/2020 The Princibles. Corporation is a manutacturer of certitupes Fired and variable manufacturing overheads are located to each contrtuge using budgeted assembly hours. Budgeted assembly time is 2 hours per unit. The following able shows the budgeted amounts and actual results related to overhead for June 2014 Click the icon to view the table) Requirements 1. Prepare an analysis of all variable manufacturing overhead and fored manufacturing overhead variances Prepare joumal entries for Principles June 2014 variable and fred manufacturing overhead costs and variances: write of these variances to cost of goods sold for the quarter ending June 30.2014 How does the planning and control of variable manufacturing overhead costs differ from the planning and control offered manufacturing overhead costs? 2 Record the variable manufacturing overhead variance write-off Journal Entry Date Accounts Deba Credit Record the actual fred overhead costs incurred Journal Entry hoose from any ist or enter any number in the input fields and then continue to the next question Type here to search 0 Duo e o 1:17 PM 7/4/2013 The Principles Corporation is a manufacturer of certituges. Fuad and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly hours Budgeted assembly time is 2 hours per unit. The followin table shows the budgeted amounts and actual results related to overhead for June 2014 Click the icon to view the table) Requirements 1. Prepare an analysis of all variable manufacturing overhead and faced manufacturing overhead variances 2. Prepare journal entries for Principles June 2014 variable and feed manufacturing overhead costs and variances; write of these variances to cost of goods sold for the quarter ending June 30, 2014 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fred manufacturing overhead costs? Record the actual fred overhead costs incurred. Journal Entry Debit Credit Date Accounts Record the feed overhead costs allocated Journal Entry Choose from any list or enter any number in the input felds and then continue to the next question Type here to search >> 1:17 PM 7/4/2020 The Principles Corporation is a manufacturer of candiluges. Fred and variabile manufacturing overheads are allocated to each centrifuge using budgeted assembly hours Budgeted assembly time is 2 hours per unit. The followin table shows the budgeted amounts and actual results related to overhead for June 2014 Click the icon to view the table) Requirements 1. Prepare an analysis of all variable manufacturing overhead and fored manufacturing overhead variances 2. Prepare journal entries for Principles' June 2014 variable and fred manufacturing overhead costs and variances; write off these variances to cost of goods sold for the quarter ending June 30, 2014 How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? Record the fored overhead costs allocated Journal Entry Date Accounts Cred 3. Debit Record the fired overhead variances for the period. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question O Type here to search e 9 118 PM 7/4/2020 The Principles Corporation is a manufacturer of centiuges. Fixed and variable manufacturing overheads are allocated to each centtuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following Click the icon to view the table.) Requirements 1. Prepare an analysis of al variable manufacturing overhead and fived manufacturing overhead variances 2. Propare journal entries for Principles June 2014 variable and fired manufacturing overhead costs and variances: write of these variances to cost of goods sold for the quarter ending June 30, 2014 How does the planning and control of variable manufacturing overhead costs Giffer from the planning and control of feed manufacturing overhead costs? Record the feed overhead variances for the period Journal Entry Accounts Debit Credit Date Record the fixed manufacturing overhead variance write-off Journal Entry choose from any list or enter any number in the input fields and then continue to the next question - Type here to search 1:30 PM 714/2020 The Principles Corporation is a manufacturer of centrifuge Fixed and variable manufacturing overheads are allocated to each centiluge 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 2014 Click the icon to view the table) Requirements 1. Prepare an analysis of all variable manufacturing overhead and fred manufacturing overhead variances 2. Precare joumal entries for Principles June 2014 variable and fixed marufacturing overhead cons and variances, write of these variances to cost of goods sold for the quarter ending June 30, 2014 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fred manufacturing overhead costs? Record the fred manufacturing overhead variance write-off Journal Entry Date Accounts Debit Credit Requirement 3. How does the planning and control of variable manufacturing overhead coses differ from the planning and control of fixed manufacturing overhead costs ? Planning and control of manufacturing overhead costs has both a long-un and a short-un focus. The long-run focus involves Principles planning to Choose from any list or enter any number in the input fields and then continue to the next question and for 1:13 PM Type here to search O e 9 The Principles. Corporation is a manufacturer of cantikupes. Pored and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The followin Click the icon to view the table) Requirements 1. Prepare an analysis of all variable manufacturing overhead and fred manufacturing overhead variances 2 Prepare journal entries for Principles June 2014 variable and feed manufacturing overhead costs and variances write off these variances to cost of goods sold for the quarter ending June 30, 2014 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fred manufacturing overhead costs? and to Requirement 3. How does the planning and control of variable manufacturing overhead costs fer from the planning and control of fixed manufacturing overhead costs Planning and control of manufacturing overheed costs has both a long run and a short run focus. The long-run focus involves Principles planning to the short run focus to in the most efficient way Planning and control of manufacturing overhead costs have primary along run focus. It involves of the key decisions that determine the level of overhead costs at the start of the accounting period for a budgeted level of output. Principles make Choose from any ist or enter any number in the input fields and then continue to the next question HP Support Assistant Recommended action Type here to search O > e The Principles Corporation is a manufacturer of centrifuges. Fored and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time ls 2 hours per unit. The follow table shows the budgeted amounts and actual results related to overhead for June 2014 Click the icon to view the table) Requirements Prepare an analysis of all variable manufacturing overhead and fored manufacturing overhead variances 2 Prepare jouma entries for Principles June 2014 variable and fed manufacturing overhead costs and variances wrhe off these variances to cost of goods sold for the quarter ending June 30, 2014 How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fored manufacturing overhead costs? 1. 7 and to Requirement 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? Planning and control of manufacturing overhead costs has both a long run and a short run focus. The long run focus involves Principles planning to the shon-run focus to in the most efficient way Planning and control of manufacturing overhead costs have primarily a long-run focus. It involves of the key decisions that determine the level of overhead costs at the start of the accounting period for a budgeted level of output Principles make Choose from any list or enter any number in the input fields and then continue to the next question 0 Type here to search O e 1:20 PM 714/2020