Dinkel Manufacturing Corporation accumulates the following data relative to jobs
ID: 2369607 • Letter: D
Question
Dinkel Manufacturing Corporation accumulates the following data relative to jobs started and finished during the month of June 2012.
Costs and Production Data
Actual
Standard
Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $400,000. Selling and administrative expenses were $40,000. Assume that the amount of raw materials purchased equaled the amount used.
Compute the overhead controllable variance and the overhead volume variance. PLEASE SHOW YOUR WORK! I am not just interested in the answer. I need to know how you got it.
Costs and Production Data
Actual
Standard
Raw materials unit cost $2.25 $2.00 Raw materials units used 10,600 10,000 Direct labor payroll $122,400 $120,000 Direct labor hours worked 14,400 15,000 Manufacturing overhead incurred $184,500 Manufacturing overhead applied $189,000 Machine hours expected to be used at normal capacity 42,500 Budgeted fixed overhead for June $51,000 Variable overhead rate per hour $3.00 Fixed overhead rate per hour $1.20Explanation / Answer
http://www.docstoc.com/docs/69913305/Dinkel-Manufacturing-Corporation-Accumulates-the-Following-Data-Relative-to-Jobs-Started-and-Finished-During-the-Month-o
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