Angie Manufacturing Uses a Standard Cost System in Which Manufacturing

question 39

Essay

Angie Manufacturing uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standard machine-hours.At standard,each unit of product requires one machine-hour to complete.The standard variable overhead is $1.75 per machine-hour and Budgeted Fixed Manufacturing Costs are $300,000 per year.The denominator level of activity is 150,000 machine-hours,or 150,000 units.Actual data for the year were as follows: $$\begin{array} { | l | r | } \hline \text { Actual variable overhead cost } & \$ 211,680 \\\hline \text { Actual fixed manufacturing overhead cost } & \$ 315,000 \\\hline \text { Actual machinehours } & 126,000 \\\hline \text { Units produced } & 120,000 \\\hline\end{array}$$
Required:
a.What are the predetermined variable and fixed manufacturing overhead rates for the year?
b.Compute the variable overhead rate and efficiency variances for the year.
c.Compute the fixed manufacturing overhead budget and volume variances for the year.

Understand the addressing structure used by ControlLogix controllers.

Acknowledge the importance and methods of organizing controller data and logic.

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Definitions:

Differentiation

The process by which cells become specialized in structure and function, acquiring characteristics distinct from the original cell type as they develop into various tissues and organs.

Gene Activity

The process by which the information encoded in genes is converted into products like proteins or RNA, influencing an organism's characteristics.

Identical Twins

Twins resulting from the splitting of a single fertilized egg, sharing the same genetic material and typically having very similar appearances and biological characteristics.

Totipotent

A term describing a cell or nucleus that contains the complete set of genetic instructions required to direct the normal development of an entire organism. Compare with pluripotent.