Manufacturing overhead, variance analysis. The Rotations Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2

Manufacturing overhead, variance analysis. The Rotations Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2017. Transcribed Image Text: Home
Insert
Page Layout
Formulas
Data
Review
View
A
B
D
Actual
Static
The Rotations Corporation (June 2017)
Results
Budget
150
2 Number of centrifuges assembled and sold
3 Hours of assembly time
4 Variable manufacturing overhead cost per hour of assembly time
5 Variable manufacturing overhead costs
6 Fixed manufacturing overhead costs
220
396
$31.00
$12,693
$15,510
$14,100
Required
1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead vari-
ances using the columnar approach in Exhibit 8-4 (page 304).
2. Prepare journal entries for Rotations’ June 2017 variable and fixed manufacturing overhead costs and
variances; write off these variances to Cost of Goods Sold for the quarter ending June 30, 2017.
3. How does the planning and control of variable manufacturing overhead costs differ from the planning
and control of fixed manufacturing overhead costs?

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.


Click Here to Make an Order Click Here to Hire a Writer