Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Rotations Corporation is a manufacturer of centrifuges. Faxed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly hours Budgeted assembly time

image text in transcribed
image text in transcribed
The Rotations Corporation is a manufacturer of centrifuges. Faxed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly hours Budgeted assembly time 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 Costs Actual Input Allocated Incurred Budgeted Rate Flexible Budget Overhead Variable OH 12693 1 2276 13640 Now complete the table below for the fixed manufacturing overhead. Same Budgeted Lump Sum Actual Costs Regardless of Flexible Allocated Incurred Output Level Budget Overhead Fixed OH Now complete the 4-variance analysis using the amounts you calculated above. If no variance est leave the dollar value blank Label the variance as favorable Funfavorable (or never a varian Production Volume 4.Variance Analysis Spending Variance Efficiency Variance Variable OH Fixed OH Requirement 2. Prepare journal entries for Rotations June 2017 variable and fed manufacturing overhead coats and vacances, we of these variances to cost of Goods Sold for the quarter endingu Choose from any list or enter any number in the input fields and then continue to the next question. ead and fixed manufacturing overhead variances. i Data Table Static Budget Actual Results 220 396 150 The Rotations 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 31.00 $ 12,693 15,510 $ $ 14,100 Print Done Done] le and fixed manufacturing overhead costs and variances; write off these variances to Cost of Goods Sold forth

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

The Principles And Practice Of Auditing

Authors: George Puttick, Sandra Van Esch

8th Edition

0702156914, 978-0702156915

More Books

Students also viewed these Accounting questions