Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help pls Brian was working away at his first attempt at variance analysis for his manufacturing compary. He filled in variable-and fixed-MOH costs where he
help pls
Brian was working away at his first attempt at variance analysis for his manufacturing compary. He filled in variable-and fixed-MOH costs where he saw fit, before actually calculating the related price, efficiency, and volume variarices. Since he was focusing on the overhead costs specifically, he made note of the allocation base being used, machine hours. Here is his work so far: Brian isn't sure if he put the right costs in the right places. There were also a couple of costs that he didn't include, because he wasn't sure if they belonged, as follows. Actual machine hours ie budgeted variable- MOH rate: $15,950 Flexible budget foxed-MOH cost: $27,250 Using the same framework, determine the fixed-MOH price and volume variances. Was fixed-MOH under-or overapplied this year? By how much 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