Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 19 (6 points) For the year 2021, KIKO Ld budgeted to produce 13.000 units of its product, KITO, and to use 30,000 inachine hours
Question 19 (6 points) For the year 2021, KIKO Ld budgeted to produce 13.000 units of its product, KITO, and to use 30,000 inachine hours (that is machine hours per unit of KIRO). The company allocates both variable and fixed manufacturing overhead costs using machine hours. Variable manufacturing overhead dials were budgeted at $10 per machine how, and total buleted fixed manufacturing eusis were $600,000 Actual results for the year 2021 were 16,000 5613.600 Production of KITO (units) Fixed manufacturing overhead Variable manufacturing overhead Manufacturing labour hours $352,000 35,200 Q.19. The production volume variance is: $6,400 U $6,400 F $ $40,000 F $40,000 U $33,600 U
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started