Solution-Prepare journal entries that would be made at the

Prepare journal entries that would be made at the end

Reference no: EM133172129

Question - Make fully labeled variance diagrams (used in Class) for manufacturing overhead splitting them between variance and fixed

Denominator level in hours 40,000

Actual output in units 21,000

Std. Variable overhead rate per machine hour $2.80

Actual variable overhead incurred $117,000

Actual fixed overhead incurred $302,100

Variable overhead applied $117,600

Variable overhead Efficiency Variance $8,400 U

Fixed overhead budget variance $2,100 U

Required -

What is the Over/under Allocated MO for Variable MO?

What is the Over/under Allocated MO for Fixed MO?

Prepare journal entries that would be made at the end of each month relating to the above variances.

Reference no: EM133172129

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Prepare journal entries that would be made at the end

Reference no: EM133172129

Reference no: EM133172129

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