Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need solution for the question 8 - 3 9 to 8 - 4 0 ana production - volume variance. line Activity - based costing,
I need solution for the question to ana productionvolume variance.
line Activitybased costing, variance analysis. Precision Surgical Instruments, Ltd makes a specisith
testing purposes. Quality atches. Precision randomly selects forceps from each SFA batch for q quadid
qualitytesting hours. The following information is for :
results.
pute the eficiency and spending variances. Comment
Comment on the results. Comprehensive review, working backward from given variances. Maruti company uses a
budget and standard costs to aid planning and control of its machining manufacturing operation dief
normalcosting system for manufacturing has two directcost categories direct materials and dif ded
manufacturing laborboth variable and two indirectcost categories variable manufacturing overies
and fixed manufacturing overhead, both allocated using direct manufacturing laborhours
At the budgeted direct manufacturing laborhour level for August, budgeted di
facturing labor is budgeted variable manufacturing overhead is and
geted fixed manufacturing overhead is
The following actual results for August are:
Direct materials price variance based on purchases
Direct materials efficiency variance
Direct manufacturing labor costs incurred
Variable manufacturing overhead flexiblebudget variance
Variable manufacturing overhead efficiency variance
Fixed manufacturing overhead incurred
Fixed manufacturing overhead spending variance
The standard cost per of direct materials is The standard allowance is
materials for each unit of product. During August units of product were prod
no beginning inventory of direct materials. There was no beginning or ending work in pro
August, the direct materials price variance was per kgfrom Horngren cost accounting, the question is attached Overhead analysis. Hyundai Motors uses standard costing. The following information is for :
Staticbudget machinehours
Fixed overhead budget costs
Fixed overhead actual costs
Variable overhead actual costs
Variable overhead rate per machinehour
Actual machinehours used
Budgeted machinehours allowed for actual output
Calculate variable overhead spending variance and efficiency variance.
Compute fixed overhead spending variance and productionvolume variance.
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