Required: (a) Determine the total amount of standard factory overhead cost charged to production in April.(b) Provide the correct journal entry to record the application of standard factory overhead costs to production. (Assume that the company uses a single overhead account, Manufacturing Overhead.) Blocher - Chapter 15 #152Difficulty: EasyLearning Objective: 15-1Learning Objective: 15-3153. McAllister Company's master budget for the year just completed was based on 100% capacity and included 40,000 machine hours and $240,000 total factory overhead. The budgeted fixed overhead at 75% of factory capacity would be $160,000 (and 30,000 machine hours). The company actually operated at 90% capacity for the year, and incurred $252,000 total factory overhead.Required: (a) Determine the factory overhead flexible-budget variance for the year. Show calculations. (b) Calculate the factory overhead production-volume variance for the year. Show calculations. Blocher - Chapter 15 #153Difficulty: EasyLearning Objective: 15-2
154. Bike Pedals manufactures bicycle seats. The company budgeted to manufacture 25,000 seats in April with 0.05 standard machine hours per seat. The total variable factory overhead was budgeted at $30,000 for the operation. During April the company manufactured 30,000 seats using 1,600 machine hours. It incurred $34,000 of variable factory overhead (VOH) costs.Required: Determine each of the following variances. Show calculations.
Blocher - Chapter 15 #154Difficulty: MediumLearning Objective: 15-2155. Ben Simon Corp. has the following information about its standards and production activity for the month of November: