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how do I get tables for Variable OH and Fixed OH and e, f, g. The Bazemore Manufacturing Company's costing system has two direct-cost categories:
how do I get tables for Variable OH and Fixed OH and e, f, g.
The Bazemore Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DMLH). At the beginning of 2020, Bazemore adopted the following standards for its manufacturing costs: (Click to view the standards.) (Click to view additional information.) Read the requirements. -.... Requirement 1. Prepare a schedule of total standard manufacturing costs for the 7,400 output units in January 2020. Direct materials 88800 577200 266400 Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Total 399600 1332000 Requirement 2. For the month of January 2020, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials. Requirement 2. For the month of January 2020, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials, Actual Input Quantity * Budgeted Price Actual Costs Incurred Purchases Usage 86000 Flexible Budget 88800 Direct materials 89700 92000 a. Direct materials price variance, based on purchases, is 2300 F b. The direct materials efficiency variance is 2800 F Now complete the table for direct labor. Actual Costs Actual Input Quantity Incurred * Budgeted Price Direct Manufacturing Labor 592650 570700 Flexible Budget 577200 Actual Costs Actual Input Quantity Incurred * Budgeted Price 592650 570700 Flexible Budget 577200 Direct Manufacturing Labor C. The direct manufacturing labor price variance is 21950 U d. The direct manufacturing labor efficiency variance is 6500 F Next, complete the table for variable overhead. Att Cost per Output Unit Direct materials $ 12.00 Input 3 lb. at $4 per lb. 6 hrs. at $13 per hr. $6 per DMLH $9 per DMLH Direct manufacturing labor Variable manufacturing overhead 78.00 36.00 54.00 Fixed manufacturing overhead $ 180.00 Standard manufacturing cost per output unit The denominator level for total manufacturing overhead per month in 2020 is 40,000 direct manufacturing labor-hours. Bazemore's budget for January 2020 was based on this denominator level. The records for January indicated the following: Direct materials purchased 23,000 lb. at $3.90 per lb. Direct materials used 21,500 lb. 43,900 hrs. at $13.50 per hr. Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production $675,000 7,400 output units Icy vallalice is Next, complete the table for variable overhead. Actual Input Actual Costs Quantity Budgeted Incurred Price Flexible Budget Allocated Overhead Variable Manufacturing Overhead Finally, complete the table for fixed overhead. Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level Flexible Budget Allocated Overhead Fixed Manufacturing Overhead e. The total manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is g. The production-volume variance is
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