Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 2020 (Click the icon to view the table) Read the requirements Record the actual fixed overhead costs incurred. Date Record the fixed overhead costs allocated m Date Ex EX Journal Entry Accounts: Debit Credit Journal Entry Accounts Debit Credit Data table Actual Static The Revolutions Corporation (June 2020) Results Budget Number of centrifuges assembled and sold 120 125 Hours of assembly time 225 Variable manufacturing overhead cost per hour of assembly time Variable manufacturing overhead costs Fixed manufacturing overhead costs Print Done CA 7,650 13,500 $ 32 12,500 - X

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cima Official Learning System Fundamentals Of Business Mathematics

Authors: Graham Eaton

4th Edition

1856177831, 978-1856177832

More Books

Students also viewed these Accounting questions

Question

How does ethical decision making apply to nursing students?

Answered: 1 week ago

Question

Prepare a constructive performance appraisal.

Answered: 1 week ago

Question

List the advantages of correct report formatting.

Answered: 1 week ago