Homework%20Ch%208%20Key

# Homework%20Ch%208%20Key - Student ACCT 3270 Homework...

This preview shows pages 1–3. Sign up to view the full content.

Student ___________________________ ACCT 3270 Homework Chapter 8 1. Shimon Corporation manufactures industrial-sized water coolers and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units 15,000 units Budgeted machine-hours 5,000 hours Budgeted variable manufacturing overhead costs for 15,000 units \$161,250 Actual output units produced 22,000 units Actual machine-hours used 7,200 hours Actual variable manufacturing overhead costs \$242,000 A. What is the budgeted variable overhead cost rate per output unit? \$161,250/15,000 = \$10.75 B. What is the flexible-budget amount for variable manufacturing overhead? 22,000 × (\$161,250/15,000) = \$236,500 C. What is the flexible-budget variance for variable manufacturing overhead? \$242,000 - [22,000 × (\$161,250/15,000)] = \$5,500 unfavorable D. Actual variable manufacturing overhead costs were higher, lower, or the same as expected? higher than expected

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
2. Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost- allocation rate is \$20.00 per machine-hour. The following fixed overhead data pertain to March: Actual Static Budget Production 25,000 units 24,000 units Machine-hours 6,100 hours 6,000 hours Fixed overhead costs for March \$123,000 \$120,000 A. What is the flexible-budget amount of fixed overhead costs?
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern