60.1K

Verified Solution

Link Copied!

E8-25 (similar to) A Question Help The Radius Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2017 .: (Click the icon to view the table.) i Requirements Read the requirements Requirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances Begin by calculating the following amounts for the variable overhead. 2. Actual Input 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances. Prepare journal entries for Radius' June 2017 variable and fixed manufacturing overhead costs and variances; write off these variances to Cost of Goods Sold for the quarter ending June 30, 2017 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? Actual Costs Incurred Flexible Budget Allocated Overhead Budgeted Rate Variable OH Print Done Actual Results Static Budget 160 The Radius Corporation (June 2017) Number of centrifuges assembled and sold Hours of assembly time Variable manufacturing overhead cost per hour of assembly time Variable manufacturing overhead costs Fixed manufacturing overhead costs 230 391 $ 12,932 16,500 $ 32.00 $ $ 15,040 Enter any number in the edit fields and then click Check Answer. 12 parts Clear All Print 15 remaining Done nswer

Answer & Explanation Solved by verified expert

See Answer