Figure out the parts to a Master Budget, Complete the Chapter 8 Standard Costing Variance Analyses, and complete the Chapter 9 Performance Measurement Allocations. For
Figure out the parts to a Master Budget, Complete the Chapter 8 Standard Costing Variance Analyses, and complete the Chapter 9 Performance Measurement Allocations.
For Chapter 8 Standard Costing Variances Questions:
Find:
Standard Costing Analysis: DM Price and Quantity Variance
DL Rate and Efficiency Variance
VOH Spending and Efficiency Variance
FOH Spending and Volume Variance
For Chapter 9 Performance Measurement (Allocations) Questions:
Unit Standards: DM 10.0 ft $ 260.00 DL 18.5 hours @ 370.00 $ 26.00 foot $ 20.00 hour $ 8.00 hour $ 12.00 hour VOH 18.5 hours @ 148.00 FOH 18.5 hours 222.00 $ 1,000.00 Flexible Budget: 14,000 (70%) 140,000.0 ft DM 3,640,000.00 DL $26.00 foot $ 20.00 hour $ 8.00 hour $ 12.00 hour 259,000.0 hours 259,000.0 hours 259,000.0 hours 5,180,000.00 2,072,000.00 VOH FOH 3,108,000.00 16,000 DM @ $ 26.00 foot (80%) 160,000.0 ft 296,000.0 hours 296,000.0 hours 4,160,000.00 5,920,000.00 DL = $ 20.00 hour $ 8.00 hour VOH 2,368,000.00 3,108,000.00 FOH @ 18,000 (90%) DM DL 180,000.0 ft 333,000.0 hours 333,000.0 hours $ 26.00 foot $ 20.00 hour $ 8.00 hour 4,680,000.00 6,660,000.00 2,664,000.00 3,108,000.00 VOH FOH Actuals: 16,000 DM 172,800.0 ft @ $ 25.00 foot 4,320,000.00 DL 288,000.0 hours @ $19.50 hour VOH 5,616,000.00 2,160,000.00 3,744,000.00 FOH i) Planned operation was at 70% of the productive capacity of 20,000 units. ii) Prepare DM, DL, VOH and FOH variance analyses. Suppose a company has three profit centers with the following statistics: Division D sq. feet occupied total sales headcount 16,721 360,336 21 Division E sq. feet occupied total sales headcount 17,252 429,616 24 Division F sq. feet occupied total sales headcount 16,027 510,048 15 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 330,000 410,000 250,000 Finally, figure total amount allocated to each division. Unit Standards: DM 10.0 ft $ 260.00 DL 18.5 hours @ 370.00 $ 26.00 foot $ 20.00 hour $ 8.00 hour $ 12.00 hour VOH 18.5 hours @ 148.00 FOH 18.5 hours 222.00 $ 1,000.00 Flexible Budget: 14,000 (70%) 140,000.0 ft DM 3,640,000.00 DL $26.00 foot $ 20.00 hour $ 8.00 hour $ 12.00 hour 259,000.0 hours 259,000.0 hours 259,000.0 hours 5,180,000.00 2,072,000.00 VOH FOH 3,108,000.00 16,000 DM @ $ 26.00 foot (80%) 160,000.0 ft 296,000.0 hours 296,000.0 hours 4,160,000.00 5,920,000.00 DL = $ 20.00 hour $ 8.00 hour VOH 2,368,000.00 3,108,000.00 FOH @ 18,000 (90%) DM DL 180,000.0 ft 333,000.0 hours 333,000.0 hours $ 26.00 foot $ 20.00 hour $ 8.00 hour 4,680,000.00 6,660,000.00 2,664,000.00 3,108,000.00 VOH FOH Actuals: 16,000 DM 172,800.0 ft @ $ 25.00 foot 4,320,000.00 DL 288,000.0 hours @ $19.50 hour VOH 5,616,000.00 2,160,000.00 3,744,000.00 FOH i) Planned operation was at 70% of the productive capacity of 20,000 units. ii) Prepare DM, DL, VOH and FOH variance analyses. Suppose a company has three profit centers with the following statistics: Division D sq. feet occupied total sales headcount 16,721 360,336 21 Division E sq. feet occupied total sales headcount 17,252 429,616 24 Division F sq. feet occupied total sales headcount 16,027 510,048 15 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 330,000 410,000 250,000 Finally, figure total amount allocated to each division
