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The Delcarmen Company uses standard costing in its manufacturing plant for auto parts. The standard cost...

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Accounting

The Delcarmen Company uses standard costing in its manufacturingplant for auto parts. The standard cost of a particular auto? part,based on a denominator level of 4,500 output units per? year,included 5 ?machine-hours of variable manufacturing overhead at $7per hour and 5 ?machine-hours of fixed manufacturing overhead at$14 per hour. Actual output produced was 5,100 units. Variablemanufacturing overhead incurred was $255,000. Fixed manufacturingoverhead incurred was $380,000. Actual ?machine-hours were28,500.

requirements

1.

Prepare an analysis of all variable manufacturing overhead andfixed manufacturing overhead? variances, using the? 4-varianceanalysis.

Begin by calculating the following amounts for the variableoverhead.

2.

Prepare journal entries using the? 4-variance analysis.

3.

Describe how individual fixed manufacturing overhead items arecontrolled from day to day.

4.

Discuss possible causes of the fixed manufacturing overheadvariances.

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