topic 10 - 8-23 (30- min.) 40 1. Straightforward coverage...

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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 12,300 a Allocation base per output unit 0.32 b 0.30 Variable MOH $155,100 $147,600 c Variable MOH per hour $11.66 d $12.00 Fixed MOH $401,000 $390,000 Fixed MOH per hour $30.15 e a 41,000 × 0.30 = 12,300 d $155,100 ÷ 13,300 = $11.66 b 13,300 ÷ 41,000 = 0.32 e $401,000 ÷ 13,300 = $30.15 c 41,000 × 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
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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 147,600 Variable Manuf. Overhead Allocated 147,600
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This note was uploaded on 07/07/2009 for the course ACCT 2102 taught by Professor Unknown during the Three '08 term at Queensland.

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topic 10 - 8-23 (30- min.) 40 1. Straightforward coverage...

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