Wildhorse Corporation budgeted $132,000 for its fixed-MOH cost going into the current year. Its actual fixed-MOH cost came in on budget, but it produced and sold 2,500 units instead of the budgeted 3,300. Wildhorse's actual variable manufacturing costs came in on budget at $51 per unit. What is Wildhorse's fixed-MOH volume variance for this year, recognizing that it uses standard costs within is absorption costing system? What is the company's initial COGS (before any variance is considered) and also its adjusted COGS after writing off that variance directly to COGS? Fixed-MOH volume variance $ Unadjusted COGS $ Adjusted COGS $ Unfavorable
Wildhorse Corporation budgeted $132,000 for its fixed-MOH cost going into the current year. Its actual fixed-MOH cost came in on budget, but it produced and sold 2,500 units instead of the budgeted 3,300. Wildhorse's actual variable manufacturing costs came in on budget at $51 per unit. What is Wildhorse's fixed-MOH volume variance for this year, recognizing that it uses standard costs within is absorption costing system? What is the company's initial COGS (before any variance is considered) and also its adjusted COGS after writing off that variance directly to COGS? Fixed-MOH volume variance $ Unadjusted COGS $ Adjusted COGS $ Unfavorable
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Wildhorse Corporation budgeted $132,000 for its fixed-MOH cost going into the current year. Its actual fixed-MOH cost came in on
budget, but it produced and sold 2,500 units instead of the budgeted 3,300. Wildhorse's actual variable manufacturing costs came in
on budget at $51 per unit. What is Wildhorse's fixed-MOH volume variance for this year, recognizing that it uses standard costs within
is absorption costing system? What is the company's initial COGS (before any variance is considered) and also its adjusted COGS after
writing off that variance directly to COGS?
Fixed-MOH volume variance
$
Unadjusted COGS
$
Adjusted COGS
$
Unfavorable
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