Description of this paper

Loading

Coblentz Fabrication Corporation has a standard cost system in-(Answered)

Description

Instant Solution ? Click "Buy button" to Download the solution File


Question

Coblentz Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company?s cost formula for variable manufacturing overhead is $6.20 per MH. The company had budgeted its fixed manufacturing overhead cost at $40,000 for the month. During the month, the actual total variable manufacturing overhead was $48,970 and the actual total fixed manufacturing overhead was $43,000. The actual level of activity for the period was 8,300 MHs. What was the total of the variable overhead spending and fixed overhead budget variances for the month?

 

Paper#9209323 | Written in 27-Jul-2016

Price : $19
SiteLock