Gg.141. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost datafor March:Cost FormulaUtilities $16,000+ $0.19 per machine-hourMaintenance $38,100+ $1.70 per machine-hourSupplies $0.60 per machine-hourIndirect laborDepreciation $68,200$94,400 + $1.70 per machine-hourActual Cost in March$ 21,030$ 60,800$ 10,000$ 124,200$ 69,900During March, the company worked 15,000 machine-hours and produced 9,000 units. The company had originallyplanned to work 17,000 machine-hours during March.Required:1. Calculate the activity variances for March.2. Calculate the spending variances for March.

Name: Gg.141. After much effort and analysis, you determined the following c
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Description: Gg.141. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost datafor March:Cost FormulaUtilities $16,000+ $0.19 per machine-hourMaintenance $38,100+ $1.70 per machine-hourSupplies $0.60 per

Activity variances are based on budgeted amount at planned level and budgeted amounts at actual…

Business

Accounting

After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Utilities Cost Formula $16,000+ $0.19 per machine-hour $38,100+ $1.70 per machine-hour $0.60 per machine-hour $94,400+ $1.70 per machine-hour Maintenance Supplies Indirect labor Depreciation $68,200 Actual Cost in March $ 21,030 $ 60,800 $ 10,000 $ 124,200 $ 69,900 During March, the company worked 15,000 machine-hours and produced 9,000 units. The company had originally planned to work 17,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March.

After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Utilities Cost Formula $16,000+ $0.19 per machine-hour $38,100+ $1.70 per machine-hour $0.60 per machine-hour $94,400+ $1.70 per machine-hour Maintenance Supplies Indirect labor Depreciation $68,200 Actual Cost in March $ 21,030 $ 60,800 $ 10,000 $ 124,200 $ 69,900 During March, the company worked 15,000 machine-hours and produced 9,000 units. The company had originally planned to work 17,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...

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