Wednesday, July 17, 2019
Cost Accounting Essay
Problem 1Different management levels in Bates, Inc., posit varying degrees of managerial accounting info. Because of the fill to comply with the managers requests, four different forms for manufacturing belt are computed each month. The information for the kinfolk strike expenditures is as followsBudgeted output units3,200unitsBudgeted located manufacturing overhead$20,000Budgeted variable manufacturing overhead$5per choose push back hourBudgeted direct manufacturing labor hours2hours per unitFixed manufacturing speak tos incurred$26,000 use up manufacturing labor hours used7,200 variant manufacturing cost incurred$35,600 material units manufactured3,400Requireda. bet a 4-variance abridgment for the determine controller.b.Compute a 3-variance analysis for the plant manager.c.Compute a 2-variance analysis for the corporate controller.Problem 2McKenna Company manufactured 1,000 units during April with a lend overhead budget of $12,400. However, while manufacturing the 1, 000 units the microcomputer that contained the months cost information broke down. With the computer out of commission, the accountant has been unable to complete the variance analysis report. The information missing from the report is letter in the following set of dataVariable overheadStandard cost per unit 0.4 labor hour at $4 per hourActual costs $2,100 for 376 hoursFlexible budget a impart flexible-budget variance bVariable overhead spending variance cVariable overhead efficiency variance dFixed overheadBudgeted costs eActual costs fFlexible-budget variance $500 favorableRequiredCompute the missing elements in the report be by the lettered items.
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