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Modern Mode Clothing is a manufacturer of designer suits. For June 2 0 1 4 , each suit is budgeted to take 5 5 labor
ModernMode Clothing is a manufacturer of designer suits. For June each suit is budgeted to take laborhours. The budgeted number of suits to be manufactured in June is ModernMode Clothing allocates fixed manufacturing overhead to each suit using budgeted direct manufacturinglaborhours per suit. Data pertaining to fixed manufacturing overhead costs for June arebudgeted $ andactual $ In June there were suits started and completed. There was no beginning or ending inventories of suits.Requirements Compute the spending variance for fixed manufacturing overhead. Comment on the results Compute theproductionvolume variance for June What inferences can ModernMode Clothing draw from thisvarianceRequirement Compute the spending variance for fixed manufacturing overhead. Comment on the results.Begin by computing the following amounts for the fixed manufacturing overhead.Flexible Budget:Same BudgetedSame BudgetedLump SumLump SumActual CostsRegardless ofRegardless ofAllocatedIncurredOutput LevelOutput LevelOverhead
ModernMode Clothing is a manufacturer of designer suits.
For June each suit is budgeted to take laborhours. The budgeted number of suits to be manufactured
in June is ModernMode Clothing allocates fixed
manufacturing overhead to each suit using budgeted direct
manufacturinglaborhours per suit. Data pertaining to fixed
manufacturing overhead costs for June arebudgeted
$ andactual $ In June there were
suits started and completed. There was no beginning or ending
inventories of suits.Requirements Compute the spending variance for fixed
manufacturing overhead. Comment on the results Compute theproductionvolume variance
for June What inferences can ModernMode Clothing draw from
thisvarianceRequirement Compute the spending variance
for fixed manufacturing overhead. Comment on the results.Begin by computing the following amounts for the fixed
manufacturing overhead.Flexible Budget:Same BudgetedSame BudgetedLump SumLump SumActual CostsRegardless ofRegardless ofAllocatedIncurredOutput LevelOutput LevelOverhead
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