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Category > Accounting Posted 25 May 2017 My Price 10.00

Transfer Entries and Variance Analysis.

 

Transfer Entries and Variance Analysis. A distribution of the actual factory overhead of the Columbus Manufacturing Company for the past year is given on page 275. Budgeted factory overhead for the four producing departments (including apportioned service department overhead) is also given for two levels of activity. The company uses a predetermined rate for each producing depart­ment based on labor hours at the normal capacity level. Actual hours worked last year were 17,000 for each of the four producing departments

     

Actual Factory Overhead

      

Total

A

B

C

D

x

Y

Z

Actual expenses

$1 0,000

$14,000

$4,000

$8,000

$3,000

$5,000

$6,000

$50,000

Z's expenses

1,500

750

1,250

500

1,000

1.000

6,000

  

Y's expenses

1,800

1,200

1,800

600

600

$6.000

    

X's expenses

2,000

1,000

1,200

400

$4,600

      

Total

                

$1 5,300

516,950

58.250

59,500

$50,000

Budgeted Factory Overhead

 

20,000 Hours (Normal)

16,000 Hours

Department A

$17,800

$15,000

Department B

20,200

17,800

Department C

10,600

9,400

Department D

10,600

9,400

Total

$59,200

$51,600

Required: (1) Assuming that the actual factory overhead incurred was charged to a single factory overhead control account, prepare entries to record

(a) the transfer of the actual factory overhead to producing departments and (b) the applied factory overhead of Departments A and B only.

(2) Compute the spending and idle capacity variances for Departments A and B only.

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 25 May 2017 12:05 PM My Price 10.00

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file 1495716943-767759_1_636312264801288012_Variances-and-Applied-Overhead.xlsx preview (249 words )
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