Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   13-49 Variances Study Appendix 13. Consider the following data regarding factory over (https://www.askmehelpdesk.com/showthread.php?t=574554)

  • May 4, 2011, 06:15 PM
    davidu69
    13-49 Variances Study Appendix 13. Consider the following data regarding factory over
    13-49 Variances
    Study Appendix 13. Consider the following data regarding factory overhead:
    Variable Fixed
    Budget for actual hours of input $45,000 $70,000
    Applied 41,000 64,800
    Budget for standard hours allowed
    for actual output achieved?
    Actual incurred 48,500 68,500
    Using the above data, fill in the following blanks with the variance amounts. Use F for favorable or U
    for unfavorable for each variance.
    Total Overhead Variable Fixed
    1. Spending variance ______ ______ ______
    2. Efficiency variance ______ ______ ______
    3. Production-volume variance ______ ______ ______
    4. Flexible-budget variance ______ ______ ______
    5. Underapplied overhead ______ ______ ______
  • May 4, 2011, 06:19 PM
    davidu69
    13-B2 Application of Overhead Using Budgeted Rates The Bellevue Clinic computes a cos
    13-B2 Application of Overhead Using Budgeted Rates
    The Bellevue Clinic computes a cost of treating each patient. It allocates costs to departments and then
    applies departmental overhead costs to individual patients using a different budgeted overhead rate in
    each department. Consider the following predicted 20X7 data for two of Bellevue's departments:
    Pharmacy Medical Records
    Department overhead cost $225,000 $300,000
    Number of prescriptions filled 90,000
    Number of patient visits 60,000
    The cost-allocation base for overhead in Pharmacy is number of prescriptions filled; in Medical
    Records it is number of patient visits.
    In June 20X7, David Li paid two visits to the clinic and had four prescriptions filled at the pharmacy.
    1. Compute departmental overhead rates for the two departments.
    2. Compute the overhead costs applied to the patient David Li in June 20X7.
    3. At the end of 20X7, actual overhead costs were
    Pharmacy $217,000
    Medical records $325,000
    The pharmacy filled 85,000 prescriptions, and the clinic had 63,000 patient visits during 20X7.
    Compute the overapplied or underapplied overhead in each department
  • May 5, 2011, 05:28 AM
    Curlyben
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: CLICK HERE !!

  • All times are GMT -7. The time now is 09:09 PM.