The Japan division of a Canadian telecommunications company is a standard cost system in its machine based production of telephone equipment Data regarding productions during June are as follow (Click the icon to view the data) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four variance analysis framework 2. Prepare journal entries for manufacturing overhead without explanations. 3. Describe how individual variable manufacturing overhead toms are controlled from day to day. Also, describe how Individual feed manufacturing overheads are controlled $187.000 Requirement 1. Prepare an analysis of all manufacturing overhead variances. Use the four variance analysis Begin by calculating the following amounts for the variable overhead. (Round interim calculations to three decimal places. Round your final rower to the nearest whole dollar) Actual Input Actual Costs Flexible Allocated Data Table Incurred Budgeted Rate Budget Overhead Variable MOH Variable manufacturing overhead cos incurred Now complete the table below for the fixed manufacturing overhead (Hold all decimals in interim calculations. Round your finalwer to the neare Variable manufacturing overhead coated per standard Same Budgeted machine how allowed for actual ou achieved) Lumpsum Faed manufacturing overhead costs incurred Actual Coats Regardless of Fixed manufacturing overhead budgeted Flexible Allocated Denominato level in machine-hours Incurred Output Level Budget Overhead Standard machine hours lowed per unit of output Feed MOH Units of output Actual machine hours used Now complete the four-variance analysis using the amounts you calculated above Ending work in process inventory 5140 1457.000 1459.000 15.000 0.25 50.000 16.000 0 E Choose from any list or enter any number in the input fields and then continue to the next question Print Done The Japan division of a Canadian telecommunications company uses a standard cost system in its machine based production of telephone equipment Data regarding productions during June are as follows: (Click the icon to view the data) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four variance analysis framework 2. Prepare journal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead toms are controlled from day to day. Also, describe how individual feed manufacturing overhead items are controlled Now complete the four variance analysis using the amounts you calculated above Four-Variance Rate Efficiency Production-Volume Analysis Variance Variance Variance Variable MOH Data Table Fixed MOH Requirement 2. Prepare journal entries for manufacturing overhead without explanations (Record debits first, the credits. Explanations are notre Variable mandacturing overhead costs incurred Record the actual variable manufacturing overhead incurred Variable manufacturing overhead costs allocated (per standard Journal Entry machine hour lowed for actual output achieved) Date Accounts Debit Credit Faed manufacturing overhead costs incurred Fored manufacturing overhead budgeted Denominator level in machine hours Standard machine hours allowed per unit of output Units of output Actual machine-hours used Ending work in process inventory Raranthu a main hand Print Done Choose from any list or enter any number in the input fields and then continue to the next question $187.000 51480 3487.000 3409.000 15 000 0.28 50,000 16.000 0 The Japon division of a Canadian telecommunications company uses a standard cost system in its machine-based production of telephone equipment Data regarding productions during June are as follows: Click the icon to view the data) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four-ince analysis framework 2. Prepare jumal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead tom are controlled from day to day Also, describe how individual feed manuturing overheaders are controlled Record the variabile manufacturing overhead allocated Journal Entry Date Accounts Debit Credit Data Table $187.000 Record the variable manufacturing overhead variance for the period. Journal Entry Date Accounts Debit Credit Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocated per standard machine hour allowed for actual output achieved) Faed manufacturing overhead costs incurred Feed manufacturing overhead budgeted Denominator level in machine hours Standard machine hours allowed per unit of output Units of output Actual machine-hours used Ending work-inprocess inventory 51480 $487.000 $450,000 15.000 0.28 50,000 16.000 0 Choose from any list or enter any number in the input fields and then continue to the next question Print Done The Japan division of a Canadian telecommunications company uses a standard cost system in ta machine-based production of telephone equipment Data regarding productions during June are as follows: (Click the loon to view the data) Required 1. Prepare an analysis of al manufacturing overhead variances. Use the four-variance analysis framework 2. Prepare journal entries for manufachuring overhead without explanations 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individual fund manufacturing overhead tems we controlled Record the actual fred overhead costs incurred Journal Entry Date Accounts Debit Credit Data Table $187.000 Variable manufacturing overhead costs incurred Variable manufacturing overhead costs located (per Record the fixed overhead costs allocated standard Journal Entry Accounts Date Debit Credit machine-hour allowed for actual output achieved) Fixed manutacturing overhead costs incurred Fored manufacturing overhead budgeted Denominator level in machine-hours Standard machine hours allowed per unit of output Units of output Actual machine hours used Ending work-in-process inventory $14.80 $487,000 $469,000 15,800 028 50.000 16.000 Print Done Choose from any list or enter any number in the input fields and then continue to the next question - 0 Data Table The Japan division of a Canadian telecommunications company uses a standard cost system in its machine-based production of telephone Click the icon to view the data) Required 1. Prepare an analysis of al manufacturing overhead variances. Use the four-variance analysis framework. 2. Prepare journal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead tems are controlled from day to day. Also, describe how Individual fed mande $167.000 Variable manufacturing overhead costs nourred Variable manufacturing overhead costs located per standard machine-hour lowed for actual output achieved) Freed manufacturing overhead costs incurred Feed manufacturing overhead budgeted Denominato level in machine hours Standard machine hours and per unit of output Units of out Actual machine hours used Ending work in process inventory $14.80 5487,000 3480,000 15,000 0.28 50,000 16.000 0 Record the fred overhead variance for the period Journal Entry Date Accounts Debit Credit Print Done Requirement 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, desobe how individual food man acting overhead Rems are controlled For variable overhead, a mix of planning and monitoring of the use of individualiems is required to manage cost efficiently. Feed Overhead costs can best be controlled by decisions. This involves planning to undertake foed-overhead activities and then for those activities Most fred overhead costs are committed of capacity rather than by they are incurred The Japan division of a Canadian telecommunications company is a standard cost system in its machine based production of telephone equipment Data regarding productions during June are as follow (Click the icon to view the data) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four variance analysis framework 2. Prepare journal entries for manufacturing overhead without explanations. 3. Describe how individual variable manufacturing overhead toms are controlled from day to day. Also, describe how Individual feed manufacturing overheads are controlled $187.000 Requirement 1. Prepare an analysis of all manufacturing overhead variances. Use the four variance analysis Begin by calculating the following amounts for the variable overhead. (Round interim calculations to three decimal places. Round your final rower to the nearest whole dollar) Actual Input Actual Costs Flexible Allocated Data Table Incurred Budgeted Rate Budget Overhead Variable MOH Variable manufacturing overhead cos incurred Now complete the table below for the fixed manufacturing overhead (Hold all decimals in interim calculations. Round your finalwer to the neare Variable manufacturing overhead coated per standard Same Budgeted machine how allowed for actual ou achieved) Lumpsum Faed manufacturing overhead costs incurred Actual Coats Regardless of Fixed manufacturing overhead budgeted Flexible Allocated Denominato level in machine-hours Incurred Output Level Budget Overhead Standard machine hours lowed per unit of output Feed MOH Units of output Actual machine hours used Now complete the four-variance analysis using the amounts you calculated above Ending work in process inventory 5140 1457.000 1459.000 15.000 0.25 50.000 16.000 0 E Choose from any list or enter any number in the input fields and then continue to the next question Print Done The Japan division of a Canadian telecommunications company uses a standard cost system in its machine based production of telephone equipment Data regarding productions during June are as follows: (Click the icon to view the data) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four variance analysis framework 2. Prepare journal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead toms are controlled from day to day. Also, describe how individual feed manufacturing overhead items are controlled Now complete the four variance analysis using the amounts you calculated above Four-Variance Rate Efficiency Production-Volume Analysis Variance Variance Variance Variable MOH Data Table Fixed MOH Requirement 2. Prepare journal entries for manufacturing overhead without explanations (Record debits first, the credits. Explanations are notre Variable mandacturing overhead costs incurred Record the actual variable manufacturing overhead incurred Variable manufacturing overhead costs allocated (per standard Journal Entry machine hour lowed for actual output achieved) Date Accounts Debit Credit Faed manufacturing overhead costs incurred Fored manufacturing overhead budgeted Denominator level in machine hours Standard machine hours allowed per unit of output Units of output Actual machine-hours used Ending work in process inventory Raranthu a main hand Print Done Choose from any list or enter any number in the input fields and then continue to the next question $187.000 51480 3487.000 3409.000 15 000 0.28 50,000 16.000 0 The Japon division of a Canadian telecommunications company uses a standard cost system in its machine-based production of telephone equipment Data regarding productions during June are as follows: Click the icon to view the data) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four-ince analysis framework 2. Prepare jumal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead tom are controlled from day to day Also, describe how individual feed manuturing overheaders are controlled Record the variabile manufacturing overhead allocated Journal Entry Date Accounts Debit Credit Data Table $187.000 Record the variable manufacturing overhead variance for the period. Journal Entry Date Accounts Debit Credit Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocated per standard machine hour allowed for actual output achieved) Faed manufacturing overhead costs incurred Feed manufacturing overhead budgeted Denominator level in machine hours Standard machine hours allowed per unit of output Units of output Actual machine-hours used Ending work-inprocess inventory 51480 $487.000 $450,000 15.000 0.28 50,000 16.000 0 Choose from any list or enter any number in the input fields and then continue to the next question Print Done The Japan division of a Canadian telecommunications company uses a standard cost system in ta machine-based production of telephone equipment Data regarding productions during June are as follows: (Click the loon to view the data) Required 1. Prepare an analysis of al manufacturing overhead variances. Use the four-variance analysis framework 2. Prepare journal entries for manufachuring overhead without explanations 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individual fund manufacturing overhead tems we controlled Record the actual fred overhead costs incurred Journal Entry Date Accounts Debit Credit Data Table $187.000 Variable manufacturing overhead costs incurred Variable manufacturing overhead costs located (per Record the fixed overhead costs allocated standard Journal Entry Accounts Date Debit Credit machine-hour allowed for actual output achieved) Fixed manutacturing overhead costs incurred Fored manufacturing overhead budgeted Denominator level in machine-hours Standard machine hours allowed per unit of output Units of output Actual machine hours used Ending work-in-process inventory $14.80 $487,000 $469,000 15,800 028 50.000 16.000 Print Done Choose from any list or enter any number in the input fields and then continue to the next question - 0 Data Table The Japan division of a Canadian telecommunications company uses a standard cost system in its machine-based production of telephone Click the icon to view the data) Required 1. Prepare an analysis of al manufacturing overhead variances. Use the four-variance analysis framework. 2. Prepare journal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead tems are controlled from day to day. Also, describe how Individual fed mande $167.000 Variable manufacturing overhead costs nourred Variable manufacturing overhead costs located per standard machine-hour lowed for actual output achieved) Freed manufacturing overhead costs incurred Feed manufacturing overhead budgeted Denominato level in machine hours Standard machine hours and per unit of output Units of out Actual machine hours used Ending work in process inventory $14.80 5487,000 3480,000 15,000 0.28 50,000 16.000 0 Record the fred overhead variance for the period Journal Entry Date Accounts Debit Credit Print Done Requirement 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, desobe how individual food man acting overhead Rems are controlled For variable overhead, a mix of planning and monitoring of the use of individualiems is required to manage cost efficiently. Feed Overhead costs can best be controlled by decisions. This involves planning to undertake foed-overhead activities and then for those activities Most fred overhead costs are committed of capacity rather than by they are incurred