Acct 3270 Chapter 8 Solutions

Acct 3270 Chapter 8 Solutions - 8-23(30−40 min...

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Unformatted text preview: 8-23 (30−40 min.) Straightforward coverage of manufacturing overhead, standard-costing system. 1. Solution Exhibit 8-23 shows the computations. Summary details are: Actual Flexible Budget Output units 41,000 41,000 Allocation base (machine-hours) 13,300 12,300aAllocation base per output unit 0.32b0.30 Variable MOH $155,100 $147,600cVariable MOH per hour $11.66d$12.00 Fixed MOH $401,000 $390,000 Fixed MOH per hour $30.15e– a41,000 × 0.30 = 12,300 d$155,100 ÷ 13,300 = $11.66 b13,300 ÷ 41,000 = 0.32 e$401,000 ÷ 13,300 = $30.15 c41,000 × 0.30 × $12 = $147,600 An overview of the 4-variance analysis is: 4-Variance Analysis Spending Variance Efficiency Variance Production−Volume Variance Variable Manufacturing Overhead $4,500 F $12,000 U Never a variance Fixed Manufacturing Overhead $11,000 U Never a variance$21,000 U 2. Variable Manuf. Overhead Control 155,100 Accounts Payable Control and other accounts 155,100 Work-in-Process Control 147,600 Variable Manufacturing Overhead Allocated...
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This note was uploaded on 03/27/2008 for the course ACCT 3270 taught by Professor Olvera during the Spring '08 term at North Texas.

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Acct 3270 Chapter 8 Solutions - 8-23(30−40 min...

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