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x6 there are many journal entries, but the system won't me to upload the pics. They are same as the last one. P8-36 (similar to)
x6
there are many journal entries, but the system won't me to upload the pics. They are same as the last one.
P8-36 (similar to) 3 Question Help King Whiz manufactures premium food processors. The following are some manufacturing overhead (MOH) data for King Whiz for the year ended December 31, 2020 (Click the icon to view the data.) Read the requirements Requirement 1 Dronaro journal entries for variable and fivad manufacturing overhead (you will need to calculate the various variances to accomplish this). Begin by Data Table ances. Requirements Variable Static Actual Results Flexible Budget Budget Allocated Amount Output units 644 604 Machine-hours 1,739 1,932 1,812 1. Prepare journal entries for variable and fixed manufacturing overhead (you will need to calculate the various variances to accomplish this). 2. Overhead variances are written off to the Cost of Goods Sold (COGS) account at the end of the fiscal year. Show how COGS is adjusted through journal entries. Machine-hours per output unit 2.70 3.00 Variable MOH costs $ 74,777 $ 77,280 $ 72,480 $ 77,280 Variable MOH costs per machine-hour $ 40.00 Fixed MOH costs $ 376,340 Print Done $ 350,210 $ 349,716 $ 193.00 Fixed MOH costs per machine-hour Print Done Enter any number in the edit fields and then click Check Answer. ? Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year ended December 31, 2017: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare journal entries for variable and fixed manufacturing overhead (you will need to calculate the various variances to accomplish this). Begin by calculating the following amounts for the variable overhead that will be used to calculate the various variances. Actual Costs Actual Input x Allocated Incurred Budgeted Rate Flexible Budget Overhead Variable MOH Now complete the table below for the fixed manufacturing overhead that will be used to calculate the various variances. Same Budgeted Lump Sum Actual Costs Regardless of Allocated Incurred Output Level Flexible Budget Overhead Fixed MOH Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) Production-Volume 4-Variance Analysis Spending Variance Efficiency Variance Variance Variable MOH Fixed MOH Prepare journal entries for variable and fixed manufacturing overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the actual variable manufacturing overhead incurred. Choose from any list or enter any number in the input fields and then continue to the next question. Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead allocated. Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead variances for the period. P8-36 (similar to) 3 Question Help King Whiz manufactures premium food processors. The following are some manufacturing overhead (MOH) data for King Whiz for the year ended December 31, 2020 (Click the icon to view the data.) Read the requirements Requirement 1 Dronaro journal entries for variable and fivad manufacturing overhead (you will need to calculate the various variances to accomplish this). Begin by Data Table ances. Requirements Variable Static Actual Results Flexible Budget Budget Allocated Amount Output units 644 604 Machine-hours 1,739 1,932 1,812 1. Prepare journal entries for variable and fixed manufacturing overhead (you will need to calculate the various variances to accomplish this). 2. Overhead variances are written off to the Cost of Goods Sold (COGS) account at the end of the fiscal year. Show how COGS is adjusted through journal entries. Machine-hours per output unit 2.70 3.00 Variable MOH costs $ 74,777 $ 77,280 $ 72,480 $ 77,280 Variable MOH costs per machine-hour $ 40.00 Fixed MOH costs $ 376,340 Print Done $ 350,210 $ 349,716 $ 193.00 Fixed MOH costs per machine-hour Print Done Enter any number in the edit fields and then click Check Answer. ? Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year ended December 31, 2017: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare journal entries for variable and fixed manufacturing overhead (you will need to calculate the various variances to accomplish this). Begin by calculating the following amounts for the variable overhead that will be used to calculate the various variances. Actual Costs Actual Input x Allocated Incurred Budgeted Rate Flexible Budget Overhead Variable MOH Now complete the table below for the fixed manufacturing overhead that will be used to calculate the various variances. Same Budgeted Lump Sum Actual Costs Regardless of Allocated Incurred Output Level Flexible Budget Overhead Fixed MOH Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) Production-Volume 4-Variance Analysis Spending Variance Efficiency Variance Variance Variable MOH Fixed MOH Prepare journal entries for variable and fixed manufacturing overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the actual variable manufacturing overhead incurred. Choose from any list or enter any number in the input fields and then continue to the next question. Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead allocated. Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead variances for the periodStep by Step Solution
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