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8-33 Overhead variance, missing information Consider the following situations-cases A and B-independenly. Data refer to operations for April 2014. For each situation, asumme standard costing.

8-33 Overhead variance, missing information

Consider the following situations-cases A and B-independenly. Data refer to operations for April 2014. For each situation, asumme standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours.

Fill in the blanks under each case.

Cases
A B
1 Fixed manufacturing overhead incurred 84,920 $123,800
2 Variable manufacturing overhead incurred 120,400 -
3 Denominator level in machine-hours - 1,000
4 Standard machine-hours allowed for actual output achieved 6,200 -
5 Fixed manufacturing overhead (per standard machine-hour) - -
Flexible-Budget Data:
6 Variable manufacturing overhead (per standard machine-hour) - $42.00
7 Budgeted fixed manufacturing overhead 88,200 $20,000
8 Budgeted variable manufacturing overhead - -
9 Total budgeted manufacturing overhead - -
Additional Data:
10 Standard variable manufacturing overhead allocated 124,000 -
11 Standard fixed manufacturing overhead allocated 86,800 -
12 Production-volume variance - $4,000 F
13 Variable manufacturing overhead spending variance $5,000 F $2,200 F
14 Variable manufacturing overhead efficiency variance $2,478 F
15 Fixed manufacturing overhead spending variance -
16 Actual machine-hours used -

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