Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer any questions, figure out the parts to a Master Budget, Complete the Chapter 8 Standard Costing Variance Analyses (all 8), and complete the Chapter
answer any questions, figure out the parts to a Master Budget, Complete the Chapter 8 Standard Costing Variance Analyses (all 8), and complete the Chapter 9 Performance Measurement Allocations. For Chapter 8 Standard Costing Variances Questions: Unit Standards: DM @ 20.0 ft II $ 16.00 foot $ 320.00 DL 18.0 hours @ 324.00 $ 18.00 hour $ 8.00 hour VOH 18.0 hours @ 144.00 TI 216.00 FOH $ 12.00 hour 18.0 hours $ 1,004.00 Flexible Budget: 14,000 (70%) 280,000.0 ft 252,000.0 hours DM 4,480,000.00 $ 16.00 foot = DL $ 18.00 hour III III 4,536,000.00 2,016,000.00 $ 252,000.0 hours 8.00 hour VOH 3,024,000.00 FOH $ 12.00 hour 252,000.0 hours @ 16,000 5,120,000.00 @ $ 16.00 foot DM (80%) 320,000.0 ft 288,000.0 hours 288,000.0 hours DL $ 18.00 hour @ II LII $ 8.00 hour 5,184,000.00 2,304,000.00 3,024,000.00 VOH FOH @ 18,000 @ $ 16.00 foot DM (90%) 360,000.0 ft 324,000.0 hours 324,000.0 hours 5,760,000.00 5,832,000.00 2,592,000.00 @ $ 18.00 hour $ 8.00 hour DL VOH 3,024,000.00 Actuals: 16,000 DM = 336,000.0 ft $ 16.50 foot @ @ IIII DL 320,000.0 hours $ 17.50 hour 5,544,000.00 5,600,000.00 2,640,000.00 3,520,000.00 = VOH FOH i) Planned operation was at 70% of the productive capacity of 20,000 units. ii) Prepare DM, DL, VOH and FOH variance analyses. For Chapter 9 Performance Measurement (Allocations) Questions: Suppose a company has three profit centers with the following information: Division D sq. feet occupied total sales headcount 20,400 408,000 28 Division E sq. feet occupied total sales headcount 24,400 468,000 14 Division F sq. feet occupied total sales headcount 35,200 324,000 28 Corporate costs are allocated to the divisions as follows: Headquarters Rent Expense is allocated based on square feet occupied Corporate Marketing Expense is allocated based on sales Human Resources Expense is allocated based on headcount Allocate the following costs according to the conventions shown above. Round percentages to the nearest tenth of a percent (for example, 33.5%) and round answers to the nearest whole dollar. Headquarters Rent Expense Corporate Marketing Expense Human Resources Expense 350,000 420,000 290,000 Finally, figure total amount allocated to each division. What is the DM Price Variance? Please round your answer to the nearest whole dollar and indicate whether the variance is Favorable (F) or Unfavorable (U). What is the DM Quantity Variance? Please round your answer to the nearest whole dollar and indicate whether the variance is Favorable (F) or Unfavorable (U). What is the DL Rate Variance? Please round your answer to the nearest whole dollar and indicate whether the variance is Favorable (F) or Unfavorable (U)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started