Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help Question # 2(18 Marks) 1. Prepare fully labeled variance diagrams(used in Class) for manufacturing overhead splitting them between variance and fixed (10 Marks)

please help

image text in transcribed
Question # 2(18 Marks) 1. Prepare fully labeled variance diagrams(used in Class) for manufacturing overhead splitting them between variance and fixed (10 Marks) Denominator level in hours 40,000 Actual output in units 21,000 Std. Variable overhead rate per machine hour $2.80 Actual variable overhead incurred $117,000 Actual fixed overhead incurred $302,100 Variable overhead applied $117,600 Variable overhead Efficiency Variance $8,400 U Fixed overhead budget variance $2,100 U What is the Over/under Allocated MO for Variable MO? What is the Over/under Allocated MO for Fixed MO? 2. Prepare journal entries that would be made at the end of each month relating to the above variances.(8 Marks)

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

Managerial Accounting An Integrative Approach

Authors: C J Mcnair Connoly, Kenneth Merchant

2nd Edition

099950049X, 978-0999500491

More Books

Students also viewed these Accounting questions