# (Fall 2018) Cost Accounting - Chapter 8 Homework E8-25.pdf...

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10/31/2018 Ch 8 HW-Sally Nihill 1/3 1. Student: Sally Nihill Date: 10/31/18 Instructor: Susan Weiss Course: RIC ACCT 321 01 - Cost Accounting Fall 2018 Assignment: Ch 8 HW The Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June Rotations 2 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 Input Actual Costs x Flexible Allocated Incurred Budgeted Rate Budget Overhead Variable OH 12,693 \$ 12,276 \$ 13,640 \$ 13,640 \$ 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 15,510 \$ 14,100 \$ 14,100 \$ 20,680 \$ 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).) . 1 2 4-Variance Spending Efficiency