The Revolutions 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 table shows the budgeted amounts and actual results related to overhead for June 2017 (Click the icon to view the table.) Read the requirements Requirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances Begin by calculating the following amounts for the variable overhead Actual Input Actual Costs Incurred Flexible Budget Allocated Overhead Budgeted Rate Variable OH Now complete the table below for the fixed manufacturing overhead. Same Budgeted Lump Sum Actual Costs Regardless of Incurred Output Level FOH Flexible Budget Allocated Overhead Choose from any list or enter any number in the input fields and then continue to the next question Save for Later The Revolutions Corporation is a manufacturer of centrifuges. Freed and variable manufacturing overheads are allocated to each centrifuge using budgetod assembly hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2017 Click the foon to view the table.) Read the movements Now complete the 4-variance analysis using the amounts you calculated aboveno variance exists beave the dollar value blank Label the variance as favorable (F). unfavorable (U) or never a variance (N).) 4-Variance Spending Efficiency Production Volume Analysis Variance Variance Variance Variable OH Feed OH Requirement 2. Prepare journal entries for Revolutions' June 2017 variable and found manufacturing overhead costs and variance write of these variances to Cost of Goods Sold for the quarter ending June 30, 2017. Record its first, then credits Exclude explanations from any oumas) Begin by recording the actual variable manufacturing overhead incurred Journal Entry Date Accounts Debit Credit Choose from any store any number in the input fields and the continue to the next question MacBook Pro overheads are allocated to each centrifuge the budgeted amounts and actual results related to overhead for June 2017 !!! (Click the icon to view the table.) Read the requirements Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead allocated Journal Entry Date Accounts Debit Credit len Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later MacBook Pro Read the requirements. Record the variable manufacturing overhead variances for the period. Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead variance write-off, Journal Entry Date 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 MacBook Pro Read the requirements. Record the actual fixed overhead costs incurred. Journal Entry Date Accounts Debit Credit Record the fixed overhead costs allocated Journal Entry Date 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 MacBook Pro esc O F2 F3 F4 related to overhead for June 2017 (Click the icon to view the table.) Read the requirements. Record the fixed overhead variances for the period. Journal Entry Date Accounts Debit Credit Record the fixed manufacturing overhead variance write-off. Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later MacBook Pro Requirement 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of food manufacturing overhead costs? Planning and control of manufacturing overhead costs has both a long-run and a short run focus. The long run focus involves Revolutions planning to and for the short run focus to in the most efficient way Planning and control of manufacturing overhead costs have primarily a long-run focus. It involves W for a budgeted level of output. Revolutions makes of the key decisions that determine the level of overhead costs at the start of the accounting period Choose from any it or enter any number in the input fields and then continue to the next question Save for later MacBook Pro i Data Table Actual Static Results Budget 240 170 264 The Revolutions Corporation (June 2017) 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 $ 28.00 $ 7,809 10 bos S 17,370 S 15,980 vel Print Done st ei cvet hat determine the level of overhead costs at the start of the accounting period he input fields and then continue to the next question. MacBook Pro F4 F5 F6 F7 FB $ 4 % 5 & 7 6 8 9
