The Jurcevich Corporation Manufactures and Sells a Single Product

question 21

Essay

The Jurcevich Corporation manufactures and sells a single product. A standard cost system is used by the company. The standard factory overhead cost for a unit of product is as follows: The overhead cost per unit was calculated for the year based on a 60,000 unit volume as follows: The charges to the manufacturing department for April are given below for the 5,200 units produced: (a) Assuming Jurcevich uses the two-variance method of analyzing factory overhead, calculate the following variances from standard cost:
(1)
Factory overhead controllable variance
(2)
Factory overhead volume variance
(b) Prepare the journal entry to apply factory overhead to work in process and record the variances.

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