{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T15:00:37-04:00", "answer_date": "2024-05-27 15:00:37", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1785703", "url": "\/study-help\/questions\/4-example-nina-garcia-is-the-newly-appointed-president-of-1785703", "question_creation_date_js": "2024-05-27T15:00:37-04:00", "question_creation_date": "May 27, 2024 03:00 PM", "meta_title": "[Solved] 4 Example Nina Garcia is the newly appoin | SolutionInn", "meta_description": "Answer of - 4 Example Nina Garcia is the newly appointed president of Laser Products. She is examining the May 2012 results for th | SolutionInn", "meta_keywords": "4,nina,garcia,newly,appointed,president,laser,products,examining,2012,results,aerospace", "question_title_h1": " 4 Example Nina Garcia is the newly appointed president of Laser Products. She is examining the May 2012 results for the Aerospace Products Division.", "question_title": " 4 Example Nina Garcia is the newly appointed president of Laser", "question_title_for_js_snippet": "4 Example Nina Garcia is the newly appointed president of Laser Products She is examining the May 2012 results for the Aerospace Products Division This division manufactures wing parts for satellites Garcia's current concern is with manufacturing overhead costs at the Aerospace Products Division Both variable and fixed overhead costs are allocated to the wing parts on the basis of laser cutting hours The following budget information is available Budgeted variable overhead rate $200 per hour Budgeted fixed overhead rate $240 per hour Budgeted laser cutting time per wing part 1 5 hours Budgeted production and sales for May 2012 5,000 wing parts Budgeted fixed overhead costs for May 2012 $1,800,000 Actual results for May 2012 are as follows Wing parts produced and sold 4,800 units Laser cutting hours used 8,400 hours Variable overhead costs $1,478,400 Fixed overhead costs $1,832,200 1 Compute the spending variance and the efficiency variance for variable overhead Required 2 Compute the spending variance and the production volume variance for fixed overhead ", "question_description": "\"image", "transcribed_text": "4 Example Nina Garcia is the newly appointed president of Laser Products. She is examining the May 2012 results for the Aerospace Products Division. This division manufactures wing parts for satellites. Garcia's current concern is with manufacturing overhead costs at the Aerospace Products Division. Both variable and fixed overhead costs are allocated to the wing parts on the basis of laser-cutting-hours. The following budget information is available: Budgeted variable overhead rate $200 per hour Budgeted fixed overhead rate $240 per hour Budgeted laser-cutting time per wing part 1.5 hours Budgeted production and sales for May 2012 5,000 wing parts Budgeted fixed overhead costs for May 2012 $1,800,000 Actual results for May 2012 are as follows: Wing parts produced and sold 4,800 units Laser-cutting-hours used 8,400 hours Variable overhead costs $1,478,400 Fixed overhead costs $1,832,200 1. Compute the spending variance and the efficiency variance for variable overhead. Required 2. Compute the spending variance and the production-volume variance for fixed overhead.", "related_book": { "title": "Management Accounting Information for Decision-Making and Strategy Execution", "isbn": "137024975, 978-0137024971", "edition": "6th Edition", "authors": "Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/62.jpg", "uri": "\/textbooks\/management-accounting-information-for-decision-making-and-strategy-execution-6th-edition-62", "see_more_uri": "" }, "free_related_book": { "isbn": "B09HT6L8SX", "uri": "\/textbooks\/golf-bag-storage-rack-fits-2-golf-bags-garage-sports-equipment-organizer-with-baskets-garage-organizers-and-storage-with-hooks-movable-ball-storage-cart-with-wheel-for-garage-gym-shed-outdoor-b09ht6l8sx-157723", "name": "Golf Bag Storage Rack Fits 2 Golf Bags Garage Sports Equipment Organizer With Baskets Garage Organizers And Storage With Hooks Movable Ball Storage Cart With Wheel For Garage Gym Shed Outdoor", "edition": "" }, "question_posted": "2024-05-27 15:00:37", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/provide-an-overview-of-the-os-and-the-manufacturer-what-578848", "description": "Provide an overview of the OS and the manufacturer What is the footprint for the selected OS? 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