1.
To compute: Static budget number of crates for 2014.
Given information:
2014,
Number of pair of shoes shipped as per static-budget results is 225,000
Average number of pair of shoes per crate as per static-budget results is 15.
2.
To compute: Flexible budget number of crates for 2014.
Given information:
2014,
Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.
Number of pair of shoes actually shipped is 180,000.
3.
To compute: Actual number of crates shipped in 2014.
Given information:
2014,
Actual pair of shoes shipped is 180,000.
Average number of pair of shoes per crate as per actual results is 10.
4.
To compute: Budgeted fixed overhead allocation rate.
Given information:
2014,
Standard manufacturing fixed overhead cost is $54,000.
Budgeted crate packing hours are computed to be
5.
To compute: Price and efficiency variance for direct variable setup costs.
Given information:
Price variance
Actual direct cost is $16.
Budgeted direct cost is $18.
Actual number of hours
Efficiency variance
Number of pair of shoes shipped as per budgeted results is 225,000.
Number of pair of shoes shipped as per actual results is 18,000.
Actual number of hours
Budgeted variable rate is $18.
6.
To compute: Spending and production-volume variance for fixed overhead costs.
Given information:
Spending Variance
Actual fixed cost is $56,500.
Budgeted fixed cost is $54,000
Production volume variance
Budgeted fixed cost is $54,000.
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Chapter 8 Solutions
Cost Accounting, Student Value Edition (15th Edition)
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