Manufacturing overhead, variance analysis The Solutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted...

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Manufacturing overhead, variance analysis
The Solutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is two hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2009.

If you want to use Excel to solve this exercise, go to the Excel Lab at www.prenhall.com/horngren/cost13e and download the template for Exercise 8-20.
1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances using the columnar approach in Exhibit 8-4.
2. Prepare journal entries for Solutions’ June 2009 variable and fixed manufacturing overhead costs and variances; write off these variances to cost of goods sold for the quarter ending June 30, 2009.
3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overheadcosts?

Answered Same Day Dec 24, 2021

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David answered on Dec 24 2021

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Manufacturing overhead, variance analysis The Solutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted...

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