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The Ramirez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular aut part, based on a denominator
The Ramirez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular aut part, based on a denominator level of 4.100 output units per year, included 6 machine-hours of variable manufacturing overhead at $8 per hour and 6 machine-hours of fixed manufacturing overhead at $15 per hour. Actual output produced was 4,500 units. Variable manufacturing overhead incurred was $260,000. Fixed manufacturing overhead incurred was $385,000 Actual machine-hours were 28,500. Read the requirements Journal Entry Date Debit Credit Accounts Fixed Manufacturing Overhead Control Record the actual fixed overhead costs incurred Date Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later uses standard costing in its manufacturing plant for auto parts. The standard cost of a ninator level of 4,100 output units per year, included 6 machine-hours of variable manu ir and 6 machine-hours of fixed manufacturing overhead at $15 per hour. Actual output anufacturing overhead incurred was $260,000. Fixed manufacturing overhead incurred were 28,500 Requirements 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance analysis. 2. Prepare journal entries using the 4-variance analysis. 3. Describe how individual fixed manufacturing overhead items are controlled from day to day 4. Discuss possible causes of the fixed manufacturing overhead variances. Print Done erhead variances for the period. st or enter any number in the input fields and then continue to the next question. The Ramirez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4,100 output units per year, included 6 machine-hours of variable manufacturing overhead at $8 per hour and 6 machine-hours of fixed manufacturing overhead at $15 per hour. Actual output produced was 4,500 units. Variable manufacturing overhead incurred was $260,000. Fixed manufacturing overhead incurred was $385,000 Actual machine-hours were 28,500 nd Read the requirements Date Accounts Debit Credit Record the fixed overhead costs allocated. Journal Entry Date Accounts Debit Credit Record the fixed overhead variances for the period. Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later The Ramirez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4 100 output units per year, included 6 machine hours of vanable manufacturing overhead at $8 per hour and 6 machine hours of fixed manufacturing overhead at $15 per hour. Actual output produced was 4,500 units. Variable manufacturing overhead incurred was $260,000 Fixed manufacturing overhead incurred was $385,000 Actual machine-hours were 28,500 Read the requirements Record the fixed overhead variances for the period Journal Entry Accounts Date Debit Credit Requirement 3. Describe how individual fixed manufacturing overhead items are controlled from day to day affected very much by day-to-day control. They are Individual fixed manufacturing overhead items are controlled Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Ho Ram Cumpally uses stando cosung is manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4 100 output units per year included 6 machine hours of variable manufacturing overhead at $8 per hour and 6 machine-hours of fixed manufacturing overhead at S15 per hour. Actual output produced was 4,500 units Variable manufactunng overhead incurred was $260,000. Fixed manufacturing overhead incurred was $385.000 Actual machine-hours were 28,500 Read the requirements ndation s been keShare ind pro Requirement 3. Describe how individual fixed manufacturing overhead items are controlled from day to day Individual fixed manufacturing overhead items are controlled affected very much by day-to-day control. They are Requirement 4. Discuss possible causes of the fixed manufacturing overhead variances. The fixed overhead budgeted amounts. In this example, the budgeted amount of FOH variance is caused by the actual realization of fixed costs differing from the variance is Vso actual FOH is the The fixed overhead be under capacity when demand usually driven by variance is caused by production being over or under expected capacity You may from expected levels, or if there are problems with production Over capacity is The fact that there is a variance indiretos that Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later
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