Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 The following information was taken from the annual manufacturing overhead cost budget of Cinnamon Manufacturing Variable manufacturing overhead costs $186.000 Fixed manufacturing overhead costs

8
image text in transcribed
image text in transcribed
The following information was taken from the annual manufacturing overhead cost budget of Cinnamon Manufacturing Variable manufacturing overhead costs $186.000 Fixed manufacturing overhead costs $124,000 Normal production level in direct labor hours 62.000 Normal production level in units 31,000 During the year, 30,000 units were produced 64,000 hours were worked, and the actual manufacturing overhead costs were $322.000. The actual fixed manufacturing overhead costs did not deviate from the budgeted foxed manufacturing overhead costs Overhead is applied on the basis of direct labor hours Compute the total fixed, and variable predetermined manufacturing overhead rates Item Rate Variable Overhead S Fixed Overhead Compute the total Reed and variable predetermaacturing worladates Here Rate Varble Overd FdOver TutOver eTextbook and Media Compute the total controlate and volume overhead variances identify whether the varianon Favorable of Unforble Total Overheat Variance Overhead Controllable Variance S Overhead Volume Variance ODE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting What the Numbers Mean

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,

9th Edition

978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062

More Books

Students also viewed these Accounting questions