Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i need the 4 empty boxes compeleted please, thanks! EX 23-19 Factory overhead cost variance report Medical Molded Products Inc. prepared the following factory overhead
i need the 4 empty boxes compeleted please, thanks!
EX 23-19 Factory overhead cost variance report Medical Molded Products Inc. prepared the following factory overhead cost budget for the Trim Department for March 2012 , during which it expected to use 10,000 hours for production: er 23 Performance Evaluation Using Variances from Standard Costs Medical Molded Products has available 15,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During March, the Trim Department actually used 11,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for March was as follows: Construct a factory overhead cost variance report for the Trim Department for March. Supporting calculation: Variable factory overhead rate: Budgeted total variable cost Budgeted hours Variable factory overhead rate $49,50010,000 Fixed factory overhead rate: Total fixed costs Productive capacity hours Fixed factory overhead rate Total Actual hours Applied costs 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