Purchase Solution

Prepare an analysis of all variances

Not what you're looking for?

Ask Custom Question

The Princeton Company uses flexible budgets and a standard cost system.

â?¢ Direct-labor costs incurred, 12,000 hours, $150,000
â?¢ Variable-overhead costs incurred, $37,000
â?¢ Fixed-overhead flexible-budget variance, $1,600, favorable
â?¢ Finished units produced, 1,800
â?¢ Fixed-overhead costs incurred, $38,000
â?¢ Variable overhead applied at $3 per hour
â?¢ Standard direct-labor cost, $13 per hour
â?¢ Denominator production per month, 2,000 units
â?¢ Standard direct-labor hours per finished unit, 6 hours

Prepare an analysis of all variances (similar to Exhibit 13-11, p. 614).

Purchase this Solution

Solution Summary

I presume that Exhibit 13-11 is overhead variances! Solution is in Excel and formulas are in cells. I added some notes. This was a puzzle!

Solution provided by:
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution


Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Operations Management

This quiz tests a student's knowledge about Operations Management

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.