Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

KrisKross Inc.s total predetermined overhead rate is $50 per hour based on a monthly capacity of 59,400 machine hours. Overhead is 30 percent variable and

KrisKross Inc.s total predetermined overhead rate is $50 per hour based on a monthly capacity of 59,400 machine hours. Overhead is 30 percent variable and 70 percent fixed. During September, KrisKross produced 5,100 units of product and recorded 60,000 machine hours. Septembers actual overhead cost was $2,927,000. Each unit of product requires 12 machine hours.

a. What were standard hours for September?

b. What is total monthly budgeted fixed overhead cost?

c. What is the controllable overhead variance?

Note: Do not use a negative sign with your answer.

d. What is the noncontrollable overhead variance? Note: Do not use a negative sign with your answer. image text in transcribed

Question 4 Partially correct Mark 2.67 out of 4.00 OH variances Flag question KrisKross Inc.'s total predetermined overhead rate is $50 per hour based on a monthly capacity of 59,400 machine hours. Overhead is 30 percent variable and 70 percent fixed. During September, KrisKross produced 5,100 units of product and recorded 60,000 machine hours. September's actual overhead cost was $2,927,000. Each unit of product requires 12 machine hours. a. What were standard hours for September? 61,200 standard hours b. What is total monthly budgeted fixed overhead cost? $ 2,079,000 c. What is the controllable overhead variance? Note: Do not use a negative sign with your answer. $ 133,000 F d. What is the noncontrollable overhead variance? Note: Do not use a negative sign with your answer. $ 0 LL F Print

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

9th edition

9781285401072, 1111971722, 1285401077, 978-1111971724

More Books

Students also viewed these Accounting questions

Question

How is the Oracle database different from relational databases?

Answered: 1 week ago