1 / 4

Tyler Fisher

Tyler Fisher. Accounting Presentation 4/29/2014. Problem 16-59. Assume that Timekiller , Inc., manufactures a new electronic game console. The current standard costs sheet for a game console follows.

velvet
Télécharger la présentation

Tyler Fisher

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tyler Fisher Accounting Presentation 4/29/2014

  2. Problem 16-59 Assume that Timekiller, Inc., manufactures a new electronic game console. The current standard costs sheet for a game console follows. Assume that the following data appeared in Timekiller’s records at the end of the past month: Please Note: There are no materials inventories.

  3. Required: • A) Prepare a variance analysis for direct materials and direct labor and complete the standard cost sheet. • B) Assume that all production overhead is fixed and that the $3,000 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? (CPA adopted)

  4. A) Setting up our chart Actual inputs at Standard Price Flexible Production Budget Actual Costs Price Variance Efficiency Variance (Actual Price X Actual Quantity) (= 157,500) (Standard Price X Actual Quantity) ($4 X 37,500 = 150,000) (Standard Price X Standard Quantity) ($4 X )

More Related