Wildhorse Company is evaluating its performance at year-end within its variable costing system. The company uses standard costing and budgeted for $16,000 of fixed-MOH costs to support budgeted production of 3,300 units. The purchasing department couldn't get its hands on as many raw materials as it had hoped, so production was only 1,900 units this year. Variable manufacturing costs and variable operating costs were on-budget at $19 per unit and $2 per unit, respectively. Fortunately, the company sold all of this year's production plus its entire FG Inventory of 360 units from the prior year. This year's unit costs were the same as last year's. How much will Wildhorse report for its COGS this year? Will the company recognize a fixed-MOH volume variance this year? If there is a fixed-MOH volume variance, specify the amount and the sign. (Do not leave any answer field blank. Enter O for amounts.) COGS SA $ Fixed-MOH volume variance $ Unfavorable V

Wildhorse Company is evaluating its performance at year-end within its variable costing system. The company uses standard costing and budgeted for $16,000 of fixed-MOH costs to support budgeted production of 3,300 units. The purchasing department couldn't get its hands on as many raw materials as it had hoped, so production was only 1,900 units this year. Variable manufacturing costs and variable operating costs were on-budget at $19 per unit and $2 per unit, respectively. Fortunately, the company sold all of this year's production plus its entire FG Inventory of 360 units from the prior year. This year's unit costs were the same as last year's. How much will Wildhorse report for its COGS this year? Will the company recognize a fixed-MOH volume variance this year? If there is a fixed-MOH volume variance, specify the amount and the sign. (Do not leave any answer field blank. Enter O for amounts.) COGS SA $ Fixed-MOH volume variance $ Unfavorable V

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Description: Please do not give solution in image format thanku Wildhorse Company is evaluating its performance at year-end within its variable costing system. The company uses standard costingand budgeted for $16,000 of fixed-MOH costs to support budgeted produc

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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