Essay
Dull Corporation applies overhead to products based on machine-hours.The denominator level of activity is 8,600 machine-hours.The budgeted fixed manufacturing overhead costs are $286,380.In October,the actual fixed manufacturing overhead costs were $274,330 and the standard machine-hours allowed for the actual output were 8,400 machine-hours.
Required:
a.Compute the budget variance for October.Show your work!
b.Compute the volume variance for October.Show your work!
Correct Answer:
Verified
a.Budget variance = Actual fixed manufac...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q70: A company has a standard cost system
Q72: Favreau Corporation estimates that its variable manufacturing
Q73: A manufacturer of playground equipment uses a
Q74: The Dodge Company makes and sells a
Q76: A company has a standard cost system
Q77: Krouse Corporation's manufacturing overhead includes $14.70 per
Q78: Behring Corporation applies manufacturing overhead to products
Q79: Franklin Glass Works uses a standard cost
Q80: Seroka Corporation estimates that its variable manufacturing
Q149: The economic impact of the inability to