Response to the following problem:
Consider the following two situations-cases A and B- independently. Data refer to operations for April 2012. For each situation, assume standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours.
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Cases
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A
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B
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(1) Fixed manufacturing overhead incurred
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$84,920
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$23,180
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(2) Variable manufacturing overhead incurred
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$120,000
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(3) Denominator level in machine-hours
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1,000
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(4) Standard machine-hours allowed for actual output achieved
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6,200
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(5) Fixed manufacturing overhead (per standard machine-hour)
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Flexible-Budget Data:
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(6) Variable manufacturing overhead (per standard machine-hour)
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$ 42.00
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(7) Budgeted fixed manufacturing overhead
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$ 88,200
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$20,000
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(8) Budgeted variable manufacturing overhead'
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(9) Total budgeted manufacturing overhead'
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Additional Data:
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(10) Standard variable manufacturing overhead allocated
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5124,000
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(11) Standard fixed manufacturing overhead allocated
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$ 86,800
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(12) Production-volume variance
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$ 4,000 F
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(13) Variable manufacturing overhead spending variance
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$ 4,600 F
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$ 2,282 F
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(14) Variable manufacturing overhead efficiency variance
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$ 2,478 F
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(15) Fixed manufacturing overhead spending variance
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(16) Actual machine-hours used
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Fill in the blanks under eachcase.