Cost Accounting Essay

Problem 1Different management levels in Bates, Inc., require varying degrees of managerial accounting information. Because of the need to comply with the managers requests, tetrad different variances for manufacturing bang are computed each month. The information for the September budget items expenditures is as followsBudgeted output units3,200unitsBudgeted fixed manufacturing overhead$20,000Budgeted variable manufacturing overhead$5per run labor hourBudgeted direct manufacturing labor hours2hours per unitFixed manufacturing constitute incurred$26,000Direct manufacturing labor hours used7,200Variable manufacturing woos incurred$35,600 material units manufactured3,400 essentiala.Compute a 4-variance abstract for the plant controller.b.Compute a 3-variance analysis for the plant manager.c.Compute a 2-variance analysis for the corporate controller.Problem 2McKenna Company manufactured 1,000 units during April with a sum up overhead budget of $12,400. However, while manufacturin g the 1,000 units the microcomputer that contained the months cost information broke down. With the computer out of commission, the accountant has been unable to staring(a) the variance analysis report. The information missing from the report is earn in the following set of dataVariable overheadStandard cost per unit 0.4 labor hour at $4 per hourActual costs $2,100 for 376 hoursFlexible budget aTotal flexible-budget variance bVariable overhead spending variance cVariable overhead efficiency variance dFixed overheadBudgeted costs eActual costs fFlexible-budget variance $500 favorableRequiredCompute the missing elements in the report represented by the lettered items.