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Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993 Exercise 37
Find Actual and Budget Amounts from Variances
Assume that Timekiller, Inc., manufactures a new electronic game console. The current standard costs sheet for a game console follows:
Assume that the following data appeared in Timekiller's records at the end of the past month:
There are no materials inventories.
Required
a. Prepare a variance analysis for direct materials and direct labor and complete the standard cost sheet.
b. Assume that all production overhead is fixed and that the $4,500 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts
Assume that Timekiller, Inc., manufactures a new electronic game console. The current standard costs sheet for a game console follows:
Assume that the following data appeared in Timekiller's records at the end of the past month:
There are no materials inventories.
Required
a. Prepare a variance analysis for direct materials and direct labor and complete the standard cost sheet.
b. Assume that all production overhead is fixed and that the $4,500 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts
Explanation
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Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
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