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Lansing Mfg. prepared the following annual abbreviated flexible budget for different levels of machine hours: 48,000 $2,800 57.600 62.400 Variable manufacturing overhead $95,000 $105,600
Lansing Mfg. prepared the following annual abbreviated flexible budget for different levels of machine hours: 48,000 $2,800 57.600 62.400 Variable manufacturing overhead $95,000 $105,600 $115,200 $124,800 Feed manufacturing overhead 390,000 390.000 390.000 90,000 Each product requires four hours of machine time and the company expects to produce 12.000 units for the year. Assume that Lansing Mfg. has decided to use units of production to apply overhead to production. In April of the current year, the company produced 1,080 units and incurred $9,000 and $31,800 of variable and fixest overhead respectively a. What amount of variable manufacturing overhead should be applied to production in April? Applied VOHS D b. What amount of fixed manufacturing overhead should be applied to production in April? Applied FOH SO Calculate the under- or overapplied variable and fixed overhead for April Note: Do not use negative signs with your answers Variable O Fixed O 0
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