Brian was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable and fixed-M costs where he saw fit, before actually calculating the related price, efficiency, and volume variarices. Since he was focusing on the overhead costs specifically, he made note of the allocation base being used, machine hours. Here is his work so far: Variable-MOH Fixed MOH Actual Variable. MOH Cost $16,700 Fixed-MOH Master Budget $27,250 Variable-MOH Flexible Budget $15.650 Applied Fixed- MOH Cost $26,750 Applied Variable- MOH Cost $15,650 Actual Fixed- MOH Cost $24,300
Brian was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable and fixed-M costs where he saw fit, before actually calculating the related price, efficiency, and volume variarices. Since he was focusing on the overhead costs specifically, he made note of the allocation base being used, machine hours. Here is his work so far: Variable-MOH Fixed MOH Actual Variable. MOH Cost $16,700 Fixed-MOH Master Budget $27,250 Variable-MOH Flexible Budget $15.650 Applied Fixed- MOH Cost $26,750 Applied Variable- MOH Cost $15,650 Actual Fixed- MOH Cost $24,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please do not give solution in image format thanku
![Using the same framework, determine the fixed-MOH price and volume variances. Was fixed-MOH under-or overapplied this
year? By how much?
Fixed-MOH price variance
Fixed-MOH volume variance
Fixed-MOH
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0a2b3c0-f69b-4bac-bc67-35acaf063f53%2F1d3979b1-9378-4585-9464-9ef4567d2c30%2Ftf5ajr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the same framework, determine the fixed-MOH price and volume variances. Was fixed-MOH under-or overapplied this
year? By how much?
Fixed-MOH price variance
Fixed-MOH volume variance
Fixed-MOH
$
![Brian was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable and fixed-MOH
costs where he saw fit, before actually calculating the related price, efficiency, and volume variarices. Since he was focusing on the
overhead costs specifically, he made note of the allocation base being used, machine hours. Here is his work so far:
Variable-MOH
Fixed MOH
Actual Variable-
MOH Cost
$16.700
Fixed-MOH
Master Budget
$27,250
Variable-MOH
Flexible Budget
$15.650
Applied Fixed-
MOH Cost
$26,750
Applied Variable-
MOH Cost
$15,650
Actual Fixed-
MOH Cost
$24,300
Brian isn't sure if he put the right costs in the right places. There were also a couple of costs that he didn't include, because he wasn't
sure if they belonged, as follows.
Actual machine hours @budgeted variable-MOH rate: $15,950
Flexible budget fixed-MOH cost: $27,250](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0a2b3c0-f69b-4bac-bc67-35acaf063f53%2F1d3979b1-9378-4585-9464-9ef4567d2c30%2Fdcugj5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Brian was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable and fixed-MOH
costs where he saw fit, before actually calculating the related price, efficiency, and volume variarices. Since he was focusing on the
overhead costs specifically, he made note of the allocation base being used, machine hours. Here is his work so far:
Variable-MOH
Fixed MOH
Actual Variable-
MOH Cost
$16.700
Fixed-MOH
Master Budget
$27,250
Variable-MOH
Flexible Budget
$15.650
Applied Fixed-
MOH Cost
$26,750
Applied Variable-
MOH Cost
$15,650
Actual Fixed-
MOH Cost
$24,300
Brian isn't sure if he put the right costs in the right places. There were also a couple of costs that he didn't include, because he wasn't
sure if they belonged, as follows.
Actual machine hours @budgeted variable-MOH rate: $15,950
Flexible budget fixed-MOH cost: $27,250
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