Need help with homework 1. Calculate total manufacturing overhead costs allocated. Begin by computing the...
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Accounting
Need help with homework
1. Calculate total manufacturing overhead costs allocated.
Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount.
| / |
| = | Budgeted hours per unit |
| / |
| = |
|
Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation.
| x |
| x |
| = | Total MOH costs allocated |
| x |
| x |
| = |
|
For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH.
|
| Actual input |
|
|
| Actual costs | x | Flexible | Allocated |
| incurred | budgeted rate | budget | overhead |
Variable MOH | = | = | = = |
|
Next complete the table for fixed MOH.
|
| Same budgeted |
|
|
lump sum | ||||
| Actual costs | regardless of | Flexible | Allocated |
| incurred | output level | budget | overhead |
Fixed MOH = |
| = | = | = |
Now calculate the remaining listed amounts for WilsonWilson Products for May 20172017. Be sure to identify each variance as favorable (F) or unfavorable (U).
2. | The variable manufacturing overhead spending variance is |
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3. | The fixed manufacturing overhead spending variance is |
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4. | The variable manufacturing overhead efficiency variance is |
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5. | The production-volume variance is |
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Choose from any list or enter any number in the input fields and then continue to the next question.
need help with homework please
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