Question

Hw score: 0%. 0ct 45 pts Score: 0 of 5 pts E8-25 (similar to) table shows the budgeted amourts and achual esults related to erhead for June 2017 EB(Click the koon to view the table) Read the tea Requirement 1.Prepare an analysis of all variable manfachuring overhead and fsed manufacuing ovethead variance Degin by caloulating the oewing amounts for the varable overhead Prepare an analysis of all variable mandacturing overhead and ed for Radius June 2017 alable and ed Pregare jual ABlocated cual Costs Cest of Goods Sold for e nding June 30, 2017 Hew dees the planning and control of variable manufacturing evehead cons aner tom te planning and con-ofEuod mandaturingovohead costs? Print Done er any umber in the ed Seas and then click Check Answer d and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly o overhead for June 2017 i Data Table Static Actual Budget Results The Radius Corporation (June 2017) 130 220 Number of centrifuges assembled and sold 396 Hours of assembly time $ 32.00 Variable manufacturing overhead cost per hour of assembly time 13,090 Variable manufacturing overhead costs S 14,180 $ 12,740 Fixed manufacturing overhead costs Print Done

Answer 1

Variable Manufactirong overhead			Actual Input
	Actual Costs		x		Flexible	Allocated
	Incurred		Budgeted Rate		Budget	Overhead
Variable OH	$13,090		12672		14080	14080
			(396*32)		(220*2*32)	(220*2*32)
	Spending variance	$418	U	1408	F
				Efficiency varaince
	Flexible Budget variance		$990	F
Fixed Manufactirong overhead			Static Budgeted
	Actual Costs		Regardless of output		Flexible	Allocated
	Incurred				Budget	Overhead
Fixed OH	$14,180		12740		12740	21560
						(220*2*49)
	Spending variance	$1,440	U	8820	F
				Production volume varaince
			$7,380	F
Budgeted rate	49
12740/(130*2)
Individually entries passed for Variable and fixed overhead
		Dr	Cr
1	Variable Manufacturing overhead Incurred	13090
	Accounts payable		13090
2	Work In process Inventory	14080
	Variable Manufacturing overhead Allocated		14080
3	Variable Manufacturing overhead Allocated	14080
	Variable Manufacturing overhead Spending variance	$418
	Variable Manufacturing overhead Efficiency Variance		1408
	Variable Manufacturing overhead Incurred		13090
4	Variable Manufacturing overhead Efficiency Variance	1408
	Variable Manufacturing overhead Spending variance		$418
	Cost of good sold		$990
Fixed
1	Fixed Manufacturing overhead Incurred	14180
	Accounts payable		14180
2	Work In process Inventory	21560
	Fixed Manufacturing overhead Allocated		21560
3	Fixed Manufacturing overhead Allocated	21560
	Production volume variance	$1,440
	Fixed Manufacturing overhead Spending variance		8820
	Fixed Manufacturing overhead Incurred		14180
4	Fixed Manufacturing overhead Efficiency Variance	8820
	Production volume variance		$1,440
	Cost of good sold		$7,380
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