The fixed manufacturing overhead spending variance

This preview shows page 11 - 15 out of 16 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Marketing 2018
The document you are viewing contains questions related to this textbook.
Chapter 3 / Exercise 5
Marketing 2018
Ferrell/Pride
Expert Verified
20.The fixed manufacturing overhead spending variance for December wasa.$450,000 F.b.$400,000 F.c.$50,000 U.d.$775,000 F.Budgeted fixed OH 200,000 DLH ×$15/DLH =$3,000,000Actual fixed OH3,050,000FOH Spending variance50,000 U
21.The fixed overhead production-volume variance for December was
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Marketing 2018
The document you are viewing contains questions related to this textbook.
Chapter 3 / Exercise 5
Marketing 2018
Ferrell/Pride
Expert Verified
22.Fixed overhead is:
Answer the following questions using the information below: Peggy's Pillows produces and sells a decorative pillow for $75.00 per unit. In the first month of operation, 2,000 units were produced and 1,750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes:Variable manufacturing costs$20.00 per unitVariable marketing costs$ 3.00 per unitFixed manufacturing costs$ 7.00 per unitAdministrative expenses, all fixed$15.00 per unitEnding inventories:Direct materials-0-WIP-0-Finished goods250 units23.What is operating income when using absorption costing?
24.Suppose that the company produces 1000 pillows in February and
sells 800 pillows. What will be amount in ending inventory using Absorption costing?A) $5,400 B) $6,600C) $12,150 D) $9,000BI + PRODUCED – SOLD = EI250 + 1000 – 800 = 450 X 27 = 12, 150
Moore Company prepared the following absorption-costing income statement for the year ended May 31, 2011. Sales (8,000 units)$160,000Cost of goods sold108,000Gross margin$52,000Selling and administrative expenses23,000Operating income$ 29,000Additional information follows: Selling and administrative expenses include $1.50 of variable cost per unit sold. There was no beginning inventory, and 8,750 units were produced. Variable manufacturing costs were $11 per unit. Actual fixed costs were equal to budgeted fixed costs. 25.What is operating income using variable costing?
Required: Prepare a variable-costing income statement for the same period.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture