Question
Nuan Corp produces outdoor camping supplies. It has the following data for manufacturing overhead costs during May 2020: Variable Fixed Actual costs incurred $42,000 $23,500
Nuan Corp produces outdoor camping supplies. It has the following data for manufacturing overhead costs during May 2020:
|
| Variable | Fixed |
| Actual costs incurred | $42,000 | $23,500 |
| Costs allocated to products | 38,000 | 21,200 |
| Flexible budget | 24,000 | |
| Actual input budgeted rate | 39,500 |
How much is total over/under allocated?
| 4300 Under
| ||
| 6300 Under
| ||
| 4300 Over
| ||
| 6300 Over
|
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The Internal Auditing Handbook
Authors: K. H. Spencer Pickett
3rd Edition
0470518715, 978-0470518717
