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Author Question: Casey Corporation produces a special line of basketball hoops. Casey Corporation produces the hoops ... (Read 128 times)

Kikoku

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on: Mar 6, 2021

Question 1

The production-volume variance is a component of the sales-volume variance.
◦ true
◦ false

Question 2

Casey Corporation produces a special line of basketball hoops. Casey Corporation produces the hoops in batches. To manufacture a batch of the basketball hoops, Casey Corporation must set up the machines and molds. Setup costs are batch-level costs because they are associated with batches rather than individual units of products. A separate Setup Department is responsible for setting up machines and molds for different styles of basketball hoops. 

Setup overhead costs consist of some costs that are variable and some costs that are fixed with respect to the number of setup-hours. The following information pertains to January 2005. 

Static-budgetActual
AmountsAmounts
Basketball hoops produced and sold30,00028,000
Batch size (number of units per batch)200250
Setup-hours per batch54
Variable overhead cost per setup hour$10$9
Total fixed setup overhead costs$22,500$21,000

Required: 
a.Calculate the efficiency variance for variable overhead setup costs.
b.Calculate the spending variance for variable overhead setup costs.
c.Calculate the flexible-budget variance for variable overhead setup costs.
d.Calculate the spending variance for fixed overhead setup costs.
e.Calculate the production-volume variance for fixed overhead setup costs. 
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Kikoku on Mar 6, 2021

epscape

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Kikoku

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

atrochim

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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