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Bentley Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for its elaborate trim and finishing. For the current year, Bentley calculated its predetermined fixed manufacturing overhead (MOH) rate to be $20 per machine hour. The company budgets its fixed MOH to be $91,500 per month. Last month, Bentley produced 1,400 dog houses and incurred $94,500 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance. Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) $ ・・・ Budgeted fixed overhead 91,500 Actual fixed overhead 94,500 Fixed MOH = budget variance = $3,000 U Requirement 2. Calculate the fixed overhead volume variance. Begin by determining the formula for the fixed overhead volume variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) = = Fixed MOH volume variance

Bentley Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for its elaborate trim and finishing. For the current year, Bentley calculated its predetermined fixed manufacturing overhead (MOH) rate to be $20 per machine hour. The company budgets its fixed MOH to be $91,500 per month. Last month, Bentley produced 1,400 dog houses and incurred $94,500 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance. Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) $ ・・・ Budgeted fixed overhead 91,500 Actual fixed overhead 94,500 Fixed MOH = budget variance = $3,000 U Requirement 2. Calculate the fixed overhead volume variance. Begin by determining the formula for the fixed overhead volume variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) = = Fixed MOH volume variance

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 4CMA: Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold...
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houses and incurred $94, 500 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance. unfavorable (U).) Requirement 2. Calculate the fixed overhead volume variance. unfavorable (U).) Fixed MOH volume variance. PLEASE FILL IN BOTTOM BOXES.

Bentley Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for its elaborate trim and finishing. For the current year, Bentley calculated its predetermined fixed manufacturing overhead (MOH) rate to be $20 per machine hour. The company budgets its fixed MOH to be $91,500 per month. Last month, Bentley produced 1,400 dog houses and incurred $94,500 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance. Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) $ Budgeted fixed overhead 91,500 $ Actual fixed overhead 94,500 Fixed MOH = budget variance = $3,000 U Requirement 2. Calculate the fixed overhead volume variance. Begin by determining the formula for the fixed overhead volume variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) = Fixed MOH volume variance
Transcribed Image Text:Bentley Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for its elaborate trim and finishing. For the current year, Bentley calculated its predetermined fixed manufacturing overhead (MOH) rate to be $20 per machine hour. The company budgets its fixed MOH to be $91,500 per month. Last month, Bentley produced 1,400 dog houses and incurred $94,500 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance. Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) $ Budgeted fixed overhead 91,500 $ Actual fixed overhead 94,500 Fixed MOH = budget variance = $3,000 U Requirement 2. Calculate the fixed overhead volume variance. Begin by determining the formula for the fixed overhead volume variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) = Fixed MOH volume variance
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