Find the Unknowns Consider each of the following situations independently.

Data refer to operations for a week in April. For each situation assume a standard product-cost system. Also assume the use of a flexible budget for control of variable and fixed overhead based on standard direct-labor hours. lop5 CASES A B Cc (1) Actual fixed overhead - $ 9,900 $12,550 (2) Actual variable overhead $ 7,500 12,000 9,500 (3) Denominator activity in hours 10,000 — 6,000 (4) Standard hours allowed for good output 11,000 12,000 —
Flexible-budget data:
(5) Fixed factory overhead 5,000 - =>
(6) Variable factory overhead (per standard hour) 70¢ _ 75¢
(7) Budgeted fixed factory overhead 5,000 _ (8) Budgeted variable factory overhead* — —
(9) Total budgeted factory overhead* a a 21,000 (10) Standard variable overhead applied —_ =_ 9,000 (11) Standard fixed overhead applied —
(12) Denominator variance = 600F (13) Variable-overhead spending variance = 100F (14) Variable-overhead efficiency variance _ (15) Fixed-overhead budget variance 300U (16) Actual hours of input 11,200 11,700 * $21,200 at 10,000 hours; $27,800 at 16,000 hours.
“For standard hours allowed for output achieved.

Fill in the blanks under each case. Prepare your answer by

(a) listing the numbers that are blank for each case and

(b) putting the final answers next to the numbers. Prepare supporting computations on a separate sheet. For example, your answer to Case A would contain a vertical listing of the numbers 1, 8, 9, 10, 11, 12, 13, and 14, with answers next to the appropriate numbers.
Standard Times The Smith Company manufactures electronic equipment.
The president, Catherine Smith, heavily supports the use of a flexible budget and standard costs. Overhead is applied on the basis of standard labor-hours.