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Please answer all requirements. The Motions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours.
Please answer all requirements.
The Motions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2017, (Click the icon to view the table.) - X Read the requirements. Data Table Actual Static Results Budget 220 100 Requirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing Begin by calculating the following amounts for the variable overhead. Actual Input Actual Costs Flexible Allocated Incurred Budgeted Rate Budget Overhead Variable OH S 9,982 $ 9,570 $ 12,780 $ 12,76 330 The Motions Corporation (June 2017) Number of centrifuges assembled and sold Hours of assembly time Variable manufacturing overhead cost per hour of assembly time Variable manufacturing overhead costs Fixed manufacturing overhead costs $ 29.00 $ 9,982 $ 10,820 $ 9,400 Now complete the table below for the fixed manufacturing overhead Requirements Same Budgeted Lump Sum Regardless of Output Level Actual Costs Flexible Allocated Incurred Budget Overhead 1. Fixed OH 2. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances. Prepare journal entries for Motions' June 2017 variable and fixed manufacturing overhead costs and variances; write off these variances to Cost of Goods Sold for the quarter ending June 30, 2017 How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? 3. Print Print DoneStep by Step Solution
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