The Rodriguez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 3,800 output units per year, included 5 machine-hours of variable manufacturing overhead at$7 per hour and 5 machine-hours of fixed manufacturing overhead at $16 per hour. Actual output produced was 4,100 units. Variable manufacturing overhead incurred was $250,000. Fixed manufacturing overhead incurred was $373,000. Actualmachine-hours were 26,500.Read the reguirementsRequirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance analysis. Begin by calculating the following amounts for the variable overhead.Actual InputActual CostsFlexibleAllocatedIncurredBudgeted RateBudgetOverheadRequirementsVariable OHPrepare an analysis of all variable manufacturing overhead and fixedmanufacturing overhead variances, using the 4-variance analysis.1.2.Prepare journal entries using the 4-variance analysis.3.Describe how individual fixed manufacturing overhead items are controlledfrom day to day.4.Discuss possible causes of the fixed manufacturing overhead variances.PrintDone

Name: The Rodriguez Company uses standard costing in its manufacturing plan
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: The Rodriguez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 3,800 output units per year, included 5 machine-hours of variable manufacturing overh