Question
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
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 tables shows the budgeted amounts and actual results related to overhead of June 2017.
1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances.
2. Prepare journal entries for Motions' June 2017 variable and fixed manufacturing overhead costs and variances; write odd these variances to Cost of Goods Sold for the quarter ending June 30, 2017.
3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs?
Data Table - X Fle Actual Results Static Budget The Motions Corporation (June 2017) 220 180 396 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 11,896 17,940 $ 16,560 Print Done wer. Clear AllStep by Step Solution
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