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The Thailand division of an American telecommunications company uses standard costing for its machine-paced production of telephone equipment Data regarding production during June are as
The Thailand division of an American telecommunications company uses standard costing for its machine-paced production of telephone equipment Data regarding production during June are as follows: EEB (Click the icon to view data.) reguirements Variable manufacturing overhead costs incurred $463,620 Variable manufacturing overhead cost rate $6 per standard machine-hour Fixed manufacturing overhead costs incurred $146,000 Fixed manufacturing overhead costs budgeted $137,000 Denominator level in machine-hours 68,500 Standard machine-hour allowed per unit of output 1.2 Units of output 64 700 Actual machine-hours used 76.000 Ending work-in-process inventory
i just need the spending and efficiency veriance and production volume
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Question Help The Thaland division of an American telecommunications company uses standard costing for lts machine-paced production of telephone equipment Data regarding production during June are as follows (Cick the icon to view data) - X Read the teauitements Data Table Requirement 1.Prepare an analysi Begin by calculating the following an Variable manufacturing ovehead costs incured $463 620 56 per standard machine-hour Variable manufacturing overhead cost rate Fxed manufacturing overhead costs incured Fxed manufacturing overhead costs budgeted Denominator level in machine-hours $146 000 Actu $137 000 Ind 68500 Variable OH Standard machine-hour allowed per unit of output 12 Now complete the table below for the 54700 Units of output Actual machine hours used 76.000 Choose trom any ist or enter any Ending wokin-process inentory 4Variance Spending Efficiency Production-Volume Variance Variance Analysis Variance Variable OH U Fixed OH Requirement 2. Prepare journal entries for manufacturing overhead costs and their variances. (Record debits first, then cred explanations from any joumal entries.) Record the actual variable manufacturing overhead incurred Journal Entry Requirement 3. Describe how individual variable manufacturing overhead tems are controlled from day to day Individual variable manufacturing overhead items are affected very much by day-to-day control They are controlled Control often entals monitoring measures that affect each cost item, one by one Such as Requirement 4. Discuss possible causes of the variable manufacturing overhead variances The variable overhead spending variance is unfavorable This means that the actual rate applied to the manufacturing costs is higher than the budgeted rate This could be because the utility rates were higher than estimated or the indirect materials costs per unit were more than estimated Choose from any list or enter any number in the input elos and tmen continue to the next queston ision of an American telecommunications company uses standard costing for its machine-paced production of telep roduction during June are as follows: an to view data.) ments - X iRequirements uescnipe n0 le manufactu trolled 1. Prepare an analysis of all manufacturing overhead variances Use the 4-variance analysis framework 2. Prepare jounal entries for manufacturing overhead costs and their variances. 3. Describe how individual variable manufacturing overhead items are controlled from day to day 4. Discuss possible causes of the variable manufacturing overhead variances heasures tha one Such a Discuss pos erhead spend sts is higher his could be vere Imore than Print Done erhead efficiely than actual ny ist or enter any number in the input fields and then continue to the next Step by Step Solution
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