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I need solution for the question $8-39$ to $8-40$ ana production$-$volume variance.

line Activity$-$based costing, variance analysis. Precision Surgical Instruments, Ltd$.$ makes a specisith

testing purposes. Quality atches. Precision randomly selects forceps from each SFA batch for q quadid

quality$-$testing hours. The following information is for $2017$ :

results.

pute the eficiency and spending variances. Comment

Comment on the results. $8-41$ Comprehensive review, working backward from given variances. Maruti company uses a

budget and standard costs to aid planning and control of its machining manufacturing operation dief

normal$-$costing system for manufacturing has two direct$-$cost categories $($direct materials and dif ded

manufacturing labor$-$both variable$)$ and two indirect$-$cost categories $($variable manufacturing overies

and fixed manufacturing overhead, both allocated using direct manufacturing labor$-$hours$).$

At the $40,000$ budgeted direct manufacturing labor$-$hour level for August, budgeted di

facturing labor is $40,00,000,$ budgeted variable manufacturing overhead is $24,00,000,$ and

geted fixed manufacturing overhead is $32,00,000.$

The following actual results for August are:

Direct materials price variance $($based on purchases$)$

Direct materials efficiency variance

Direct manufacturing labor costs incurred

Variable manufacturing overhead flexible$-$budget variance

Variable manufacturing overhead efficiency variance

Fixed manufacturing overhead incurred

Fixed manufacturing overhead spending variance

The standard cost per $kg$ of direct materials is $57\mathrm{.}5.$ The standard allowance is

materials for each unit of product. During August $30,000$ units of product were prod

no beginning inventory of direct materials. There was no beginning or ending work in pro

August, the direct materials price variance was $5\mathrm{.}5$ per kg$.$from Horngren cost accounting, the question is attached$\mathrm{.}8-39$ Overhead analysis. Hyundai Motors uses standard costing. The following information is for $2017$:

Static$-$budget machine$-$hours

Fixed overhead budget costs

Fixed overhead actual costs

Variable overhead actual costs

Variable overhead rate per machine$-$hour

Actual machine$-$hours used

Budgeted machine$-$hours allowed for actual output

Calculate variable overhead spending variance and efficiency variance.

Compute fixed overhead spending variance and production$-$volume variance.

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