Moore Manufacturing about the variances and evaluation of their performance.

apa format writings for a graduate master

3 or more reference and proper citations in paper per APA MANUEL

THE RUBLIC IS SAME PER LAST ASSIGNMENT

MUST INCLUDE AN EXCEL OF THE CALCULATION PER QUESTION AND 750 WORDS DOCUMENT EXPLANATION OF THE CALCULATION IN DETAIL AND PART b

Part One:

One of your clients, Moore Manufacturing has asked you to assist them
in evaluating their performance against their budgets. The management
of Moore Manufacturing has provided the following standard cost sheet
for one of its products:

Direct Materials	6 lb @ $2 per pound	$12
Direct Labor	3 hrs @ $25 per hr	$75
Variable factor overhead	2 hrs @ $4 per hour	$8
Fixed factory overhead	2 hr @ $15 per hour	$30
Cost per unit		$125

Moore Manufacturing applies factory overhead based on direct labor
hours and factory overhead is allocated based on a practical capacity of
500 units of product.

The actual operating results for the year are as follows:

Units manufactured		400
Direct materials purchased and used	1,800 pounds	$19,800
Direct labor incurred	750 hours	20,250
Variable factory overhead incurred		5,000
Fixed factory overhead incurred		15,800

Determine the following for the period:

Flexible budget for variable overhead based on output for the period

Total variable overhead applied to production during the period

Total budgeted fixed factory overhead

Total fixed factory overhead applied to production during the period

Calculate the following variances using four-variance analysis:

Total variable overhead variance

Variable overhead spending variance

Variable overhead efficiency variance

Total under applied or over applied variable overhead

Fixed overhead spending variance

Production volume variance

Total fixed overhead variance

Total under applied or over applied fixed overhead

Calculate the following variances using three-variance analysis:

Factory overhead spending variance

Factory overhead efficiency variance

Production volume variance

Calculate the total overhead flexible budget variance and the production volume variance using a two-variance analysis.

Part Two:

In a 750 word document, explain to the management team at Moore
Manufacturing about the variances and evaluation of their performance.