Name:
Section:
Score: See student sheet for student’s score
Scoring:
March April May
For the Three Months Ending May 31
ON
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REHAB PHYSICAL THERAPY INC.
Schedule of Cash Payments for Operations
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Exercise 13-16
SOLUTION
Instructions
Name:
Section:
Score: 31%
*Since some answer boxes are correct when left blank, the beginning score is greater than 0%.
Key Code:
20Y5 20Y6 20Y7 20Y8
Capital Expenditures Budget
For the Four Years Ending December 31, 20Y5–20Y8
2
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Exercise 13-17
Instructions
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HANDY DAN TOOLS INC.
Name:
Section:
Score: See student sheet for student’s score
Scoring:
*Since some answer boxes are correct when left blank, the beginning score is greater than 0%.
20Y5 20Y6 20Y7 20Y8
Capital Expenditures Budget
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ON
For the Four Years Ending December 31, 20Y5–20Y8
Exercise 13-17
SOLUTION
Instructions
HANDY DAN TOOLS INC.
Name:
Section:
Score: 0%
Key Code:
a.
b.
Standard Cost at Cost Variance –
Actual Volume (Favorable)
Actual Costs (750,000 Bottles) Unfavorable
Manufacturing costs:
c.
Manufacturing Costs – Budget Performance Report
For the Month Ended May 31
MCALISTERS BOTTLE COMPANY
Exercise 13-19
MCALISTERS BOTTLE COMPANY
Manufacturing Cost Budget
For the Month Ended May 31
2
Instructions
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Name:
Section
Score: See student sheet for student’s score
Scoring
a.
Standard Cost at
Planned Volume
(800,000 Bottles)
b.
Standard Cost at Cost Variance –
Actual Volume (Favorable)
Actual Costs (750,000 Bottles) Unfavorable
Manufacturing costs:
c.
MCALISTERS BOTTLE COMPANY
Manufacturing Cost Budget
For the Month Ended May 31
MCALISTERS BOTTLE COMPANY
Manufacturing Costs – Budget Performance Report
For the Month Ended May 31
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Exercise 13-19
SOLUTION
Instructions
ON
Name:
Section:
Score: 0%
Key Code:
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Variable overhead controllable variance:
Actual variable factory overhead cost incurred
Budgeted variable factory overhead for 8,000 hrs.
Variance –
Alternative Computation of Overhead Variances:
Actual costs
Applied costs
Balance
Exercise 13-29
Instructions
2
Productive capacity at 100%
Standard for amount produced
Productive capacity not used
Name:
Section:
Score: See student sheet for student’s score
Scoring:
Variable overhead controllable variance:
Actual variable factory overhead cost incurred
101,750$
Budgeted variable factory overhead for 8,000 hrs.
104,000
Variance – favorable (2,250)$
Alternative Computation of Overhead Variances:
Actual costs
281,750$
Applied costs
(248,000)
Balance 33,750$
Actual Factory Applied Factory
Overhead Overhead
Produced
Instructions
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Exercise 13-29
SOLUTION
Budgeted Factory
ON
Overhead for Amount
Productive capacity at 100%
Standard for amount produced
Productive capacity not used
Name:
Section:
Score: 0%
Key Code:
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Variable overhead controllable variance:
Actual variable factory overhead cost incurred
Standard variable factory overhead at actual production:
Standard hours at actual production hrs.
Alternative Computation of Overhead Variances:
Actual costs
Applied costs
Balance
Exercise 13-30
Instructions
2
Productive capacity at 100%
Standard for amount produced
Productive capacity not used
Name:
Section:
Score:
See student sheet for student’s score
Scoring:
Variable overhead controllable variance:
Actual variable factory overhead cost incurred
$1,128,000
Standard variable factory overhead at actual production:
Standard hours at actual production 52,000 hrs.
Alternative Computation of Overhead Variances:
Actual costs
#########
Applied costs
(1,404,000)
Balance 24,000$
Actual Factory Applied Factory
Overhead for Amount
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ON
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Exercise 13-30
SOLUTION
Instructions
Budgeted Factory
Productive capacity at 100%
Standard for amount produced
Productive capacity not used
Name:
Section:
Score: 17%
*Since some answer boxes are correct when left blank, the beginning score is greater than 0%.
Key Code:
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Productive capacity for the month hrs.
Actual productive capacity used for the month hrs.
Budget
(at actual
Variable factory overhead cost: production) Actual Favorable Unfavorable
Indirect factory labor
Alternative Computation of Overhead Variances:
Actual costs
Applied costs
Balance
Actual Factory Applied Factory
Overhead Overhead
Overhead for Amount
Produced
TOPEKA PLASTICS INC.
Factory Overhead Cost Variance Report—Trim Department
For the Month Ended July 31
Variances
Exercise 13-32
Instructions
2
Budgeted Factory
Name:
Section:
Score: See student sheet for student’s score
Scoring:
*Since some answer boxes are correct when left blank, the beginning score is greater than 0%.
Productive capacity for the month 30,000 hrs.
Actual productive capacity used for the month 28,000 hrs.
Budget
(at actual
Variable factory overhead cost: production) Actual Favorable Unfavorable
Indirect factory labor 22,400$ 23,250$ –$ 850$
Net controllable variance unfavorable 1,710$
Volume variance
Idle hours at the standard rate for fixed factory overhead unfavorable 6,300
Total factory overhead cost variance unfavorable 8,010$
Alternative Computation of Overhead Variances:
Actual costs
148,850$
Applied costs
(140,840)
Balance 8,010$
TOPEKA PLASTICS INC.
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For the Month Ended July 31
Variances
Instructions
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Factory Overhead Cost Variance Report—Trim Department
ON
Exercise 13-32
SOLUTION