Bentley Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for its elaborate trim and finishing. For the current year, Bentley calculated its predetermined fixed manufacturing overhead (MOH) rate to be $20 per machine hour. The company budgets its fixed MOH to be $91,500 per month. Last month, Bentley produced 1,400 dog houses and incurred $94,500 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance. Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) $ ・・・ Budgeted fixed overhead 91,500 Actual fixed overhead 94,500 Fixed MOH = budget variance = $3,000 U Requirement 2. Calculate the fixed overhead volume variance. Begin by determining the formula for the fixed overhead volume variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) = = Fixed MOH volume variance

Bentley Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for its elaborate trim and finishing. For the current year, Bentley calculated its predetermined fixed manufacturing overhead (MOH) rate to be $20 per machine hour. The company budgets its fixed MOH to be $91,500 per month. Last month, Bentley produced 1,400 dog houses and incurred $94,500 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance. Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) $ ・・・ Budgeted fixed overhead 91,500 Actual fixed overhead 94,500 Fixed MOH = budget variance = $3,000 U Requirement 2. Calculate the fixed overhead volume variance. Begin by determining the formula for the fixed overhead volume variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) = = Fixed MOH volume variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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