The Principles Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table showsthe budgeted amounts and actual results related to overhead for June 2020.E (Click the icon to view the table.)RequirementsRead the requirements.Requirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances.1.Prepare an analysis of all variable manufacturing overhead and fixedmanufacturing overhead variances.Begin by calculating the following amounts for the variable overhead (OH).2. Prepare journal entries for Principles' June 2020 variable and fixedmanufacturing overhead costs and variances; write off these variances toCost of Goods Sold for the quarter ending June 30, 2020.Actual InputActual CostsFlexibleAllocated3.How does the planning and control of variable manufacturing overhead costsdiffer from the planning and control of fixed manufacturing overhead costs?IncurredBudgeted RateBudgetOverheadVariable OHPrintDoneData TableActualStaticThe Principles Corporation (June 2020)ResultsBudgetNumber of centrifuges assembled and sold124135Hours of assembly time220Variable manufacturing overhead cost per hour of assembly time$31Variable manufacturing overhead costs$7,280Fixed manufacturing overhead costs$13,250 $12,150Enter any number in the edit fields and then click Check Answer.PrintDone13 partsremainingClear AllCheck Answer

Name: The Principles Corporation is a manufacturer of centrifuges. Fixed an
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: The Principles Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table showsthe budgeted