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Q3. Consider the following data for two independent cases. Data refers to the month of November. Data provided below assumes standard costing as well as the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours. Case A Case B Fixed manufacturing OH incurred $27,000 $132,900 Variable manufacturing OH incurred $10,511 Denominator level in machine-hours 5,500 45,000 Standard machine-hours allowed for actual output achieved 4,700 ? Fixed manufacturing OH per standard machine-hour ? Flexible-Budget Data: Variable manufacturing OH per standard machine-hour $2.10 Budgeted Fixed manufacturing OH $23,375 $130,500 Budgeted Variable manufacturing OH for standard machine-hours allowed for actual output produced Total budgeted manufacturing OH for standard machine-hours allowed for actual output produced 33,715 Additional Data: Standard variable manufacturing OH allocated $10,340 Standard fixed manufacturing OH allocated $19,975 Production-volume variance $3,400 S580 F Variable manufacturing OH spending variance S457 U $1,490 F Variable manufacturing OH efficiency variance $1,680 F Fixed manufacturing OH spending variance $3,625 U* Actual machine-hours uses Required: You are required to fill in the blanks. For each blank you filled, you must provide supporting calculations.

Q3. Consider the following data for two independent cases. Data refers to the month of November. Data provided below assumes standard costing as well as the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours. Case A Case B Fixed manufacturing OH incurred $27,000 $132,900 Variable manufacturing OH incurred $10,511 Denominator level in machine-hours 5,500 45,000 Standard machine-hours allowed for actual output achieved 4,700 ? Fixed manufacturing OH per standard machine-hour ? Flexible-Budget Data: Variable manufacturing OH per standard machine-hour $2.10 Budgeted Fixed manufacturing OH $23,375 $130,500 Budgeted Variable manufacturing OH for standard machine-hours allowed for actual output produced Total budgeted manufacturing OH for standard machine-hours allowed for actual output produced 33,715 Additional Data: Standard variable manufacturing OH allocated $10,340 Standard fixed manufacturing OH allocated $19,975 Production-volume variance $3,400 S580 F Variable manufacturing OH spending variance S457 U $1,490 F Variable manufacturing OH efficiency variance $1,680 F Fixed manufacturing OH spending variance $3,625 U* Actual machine-hours uses Required: You are required to fill in the blanks. For each blank you filled, you must provide supporting calculations.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 9E: The following data were adapted from a recent income statement of Caterpillar Inc. (CAT) for the...
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Q3. Consider the following data for two independent cases. Data refers to the month of November. Data provided below assumes standard costing as well as the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours. Case A Case B Fixed manufacturing OH incurred $27,000 $132,900 Variable manufacturing OH incurred $10,511 Denominator level in machine-hours 5,500 45,000 Standard machine-hours allowed for actual output achieved 4,700 Fixed manufacturing OH per standard machine-hour ? Flexible-Budget Data: Variable manufacturing OH per standard machine-hour ? $2.10 Budgeted Fixed manufacturing OH $23,375 $130,500 Budgeted Variable manufacturing OH for standard machine-hours allowed for actual output produced Total budgeted manufacturing OH for standard machine-hours allowed for actual output produced 33,715" ? Additional Data: Standard variable manufacturing OH allocated $10,340 Standard fixed manufacturing OH allocated $19,975 Production-volume variance $3,400* $580 F Variable manufacturing OH spending variance $457 U $1,490 F Variable manufacturing OH efficiency variance ? $1,680 F Fixed manufacturing OH spending variance $3,625 U* Actual machine-hours uses ? Required: You are required to fill in the blanks. For each blank you filled, you must provide supporting calculations.
Transcribed Image Text:Q3. Consider the following data for two independent cases. Data refers to the month of November. Data provided below assumes standard costing as well as the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours. Case A Case B Fixed manufacturing OH incurred $27,000 $132,900 Variable manufacturing OH incurred $10,511 Denominator level in machine-hours 5,500 45,000 Standard machine-hours allowed for actual output achieved 4,700 Fixed manufacturing OH per standard machine-hour ? Flexible-Budget Data: Variable manufacturing OH per standard machine-hour ? $2.10 Budgeted Fixed manufacturing OH $23,375 $130,500 Budgeted Variable manufacturing OH for standard machine-hours allowed for actual output produced Total budgeted manufacturing OH for standard machine-hours allowed for actual output produced 33,715" ? Additional Data: Standard variable manufacturing OH allocated $10,340 Standard fixed manufacturing OH allocated $19,975 Production-volume variance $3,400* $580 F Variable manufacturing OH spending variance $457 U $1,490 F Variable manufacturing OH efficiency variance ? $1,680 F Fixed manufacturing OH spending variance $3,625 U* Actual machine-hours uses ? Required: You are required to fill in the blanks. For each blank you filled, you must provide supporting calculations.
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