21 Homework Problem 21-4A
This problem does not use a minus sign
("-") or parentheses "( )" for
negative amounts for the input data entries. When
computing the variances in the General Model, go left to right,
as we did in the PowerPoint lectures. Subtract the right
amount from the left amount and you will end up with the correct
sign on the result (positive amount =
"Unfavorable", negative amount = "Favorable")
21 Homework Problem 21-4A
For Parts 1 and 2 of the homework problem, use the
General Model format (the textbook does not use the formula format for the
Since we did not spend a lot of time on the overhead variances
in the chapter, I am providing the answers to Part 3 -
Overhead Variances for your homework assignment.
Actual overhead ($2,350,000 +
Budgeted overhead (at 90%
variance..........................................$ 10,000 (F)
Fixed Overhead Volume Variance:
Budgeted total overhead (at 90%
Standard overhead applied (270,000 hrs @ $18)...........
Fixed overhead volume
variance................................... $ 300,000 (F)
Note: I left the parentheses "(
)" off the negative amounts since the Connect System answers do not
19 Homework "B" Series Problem
Anyone that did not complete
the assigned "A" series homework, for Chapter 19, may
work Problem 19-2B and turn it in by exam date for Chapter 19.
Reminder.....the "B" series of homework problems are not in
the Connect System, therefore you have to complete the
problem manually. You will find the problem at the end of
the chapter in the e-textbook.
Problem No. 3
Since we have completed the required textbook chapters, you
are in a position to start work on this comprehensive problem.
is an optional extra credit problem.
Additional Notes for Completion of the Problem:
1. This problem is to be accomplished manually using the
forms you create, or the generic forms you download from the
2. After completing this part, submit your
General Journal (for transactions" a." through "
l.") and June 30, 2020 Trial Balance.
1. Submit your formulas and
calculations for each of the requirements (items 1 through 5).
Anyone desiring to complete this problem can obtain a copy of
the problem transactions and instructions, by clicking on
the desired format in the "Problem
/ Documents Downloads" section
Since we are not in class on
campus, email me a copy of your work documents you
prepared in Parts 1 & 2 of the problem. I will use
those to grade and post to your records in Canvas.
to the Course eBook
For those individuals that may have difficulty
accessing the eBook and finding the "B"
Problems for homework make-ups, I am
providing a PowerPoint on the eBook access process.
Click on the icon to download the PowerPoint presentation.