Problem 8-33 Manufacturing overhead budget for 2012 is based on


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24.99

Problem 8-33 Manufacturing overhead budget for 2012 is based on Manufacturing overhead costs incurred for May amounted to 720,000 units, requiring 3,600,000 DLH. A Total of 66,000 output units requiring 315,000 DHL was produced during May 2012. $375,000 . The actual costs compared with the annual budget and 1/12 of the annual budget are as follows: Annual Manufacturing overhead Budget for 2012 Per Output Total Amount Unit Variable MOH Indirect manufacturing labor Supplies Fixed MOH Supervision Utilities Depression Total Monthly Per DLH MOH Actual Input Budget May Costs for Unit 2012 May 2012 Calculate the following amounts for Nolton Products for May 2012 $900,000 $1,224,000 $1.25 $1.70 0.25 0.34 $75,000 $102,000 $75,000 $111,000 $648,000 $540,000 $1,008,000 $4,320,000 $0.90 $0.75 $1.40 $6.00 0.18 0.15 0.28 1.20 $54,000 $45,000 $84,000 $360,000 $51,000 $54,000 $84,000 $375,000 1. Total manufacturing overhead costs allocated. 2. Variable manufacturing overhead spending variance. 3. Fixed manufacturing overhead spending variance. 4. Variable manufacturing overhead efficiency variance. 5. Production-volume variance. Be sure to identify each variance as favorable (F) or unfavorable (U).

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24.99