Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the

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: Wilson Products Uses Standard Costing It Allocates Manufacturing Overhead Both Variable And Fixed To Products On The 1 (39.04 KiB) Viewed 10 times

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Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH) i (Click the icon to view additional information.) The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: (Click the icon to view the data) Read the requirement 1. Calculate total manufacturing overhead costs allocated Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount Budgeted hours per unit Now calculate the total manufacturing overhead (MOH) costs allocated Determine the formula, then complete the calculation. Total MOH costs allocated i Actual input For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH
For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH. Actual costs incurred Variable MOH Next complete the table for fixed MOH Fixed MOH Actual costs incurred Actual input budgeted rate Same budgeted lump sum regardless of output level Flexible budget Flexible budget Allocated overhead Allocated overhead New raleulate the remaininn lietor amnunte for Wilenn Drourte for May 2017 Ra cura tn irlantifu aach uarianro ac faunrahlo (E1 nr
Next complete the table for fixed MOH. Actual costs incurred Same budgeted lump sum regardless of output level Flexible budget 2. The variable manufacturing overhead spending variance is 3. The fixed manufacturing overhead spending variance is 4. The vanable manufacturing overhead efficiency variance is 5. The production-volume variance is Allocated overhead Fixed MOH Now calculate the remaining listed amounts for Wilson Products for May 2017. Be sure to identify each variance as favorable (F) or unfavorable (U)
he ra infac man bon vo Calculate the following amounts for Wisen Products for May 2017 1. Total manufactharing overhead costs allocated 2. Variable manufacturing everhead spending variance 3. Foxed manufacturing overhead spending variance 4. Variable manufacturing overhead efficiency vanance & Production volume vanance Be sure to identity each vanance as favorable (F) or unfavorable (U) More info Print Done Wilson Products develops its manufacturing overhead rate on the curent ant budget. The manufacturing overhead budget for 2017 is based on budgeted output of 672 000 units, reparing 3,300,000 DLH. The company is able to schedule production uniformly thoughout the year A total of 72.000 oupot units requiring 321,000 DLH was produced during May 2017 Manufacturing overhead (MOH costs incared for May amounted to $355,800 Data table Annual Manufacturing Overhead Budget 2017 Per Per DLH Input Unit Tots Total Amount Vinatie MOH did mufictiong laber 1000000 s upple 8/2,000 Fis MOR Superyon Uttises Depreciation Output Unit Print 1505 571 200 300,600 705,600 0.00 055 1.05 3 3326 400 $ 495 $ Done 0301 0:20 017 0.11 021 0.90 $ Monthly MOH Budget May 2017 84000 3 66,000 47.000 30.000 58 800 287 200 1 Actual MOH Costs for May 2017 14.000 10000 41.000 55.000 50,000 355,000