Need ASAP (one hour)
KENJS
8.docx1. Shine Bakery produces specialty coffee machines. Shine uses a standard cost system.
Data regarding production during August are as follows:
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Variable Manufacturing overhead costs incurred |
$155,100 |
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Variable Manufacturing overhead cost rate |
$12 per standard machine hour |
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Fixed manufacturing overhead costs incurred |
$401,000 |
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Fixed manufacturing overhead budgeted |
$390,000 |
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Denominator level in machine-hours (Budget) |
13,000 |
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Standard machine-hour allowed per unit of output |
.3 |
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Units of output |
41,000 |
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Actual machine-hours used |
13,300 |
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Ending Work-in-process inventory |
0 |
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Using the 4-variance method calculate all (variable and fixed) manufacturing overhead variances. Indicate F for favorable, and U for unfavorable.
