04:42 You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president asked that you review the company's costing system and do what you can to help us get better control of our manufacturing overhead costs. You find that the company has never used a flexible budget and you suggest that preparing such a budget would be an excellent first step in overhead planning and control Aher much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March Atual Cost Control in March Utilities $18,000. 10.21 per machine $ 23,50 Maintenance 138,409.11.10 hinhor $57,50 Suplies 50. schimbur $ 15, Indirect labor 114,400 - $1.30 machine hour $ 125,00 Depreciation 167.500 $69,200 During March, the company worked 21,000 machine hours and produced 15.000 units. The company had originally planned to work 23.000 machine hours during March Required: 1. Calculate the activity variances for March 2. Calculate the spending variances for March Complete this question by entering your answers in the tabs below. ured1 equared2 Calculate the activity variances for March (Indicate the effect of each variance by selecting for favorable, sufor unfavorable, and hone" for no effect ledere variance). Input all amounts as positive values) FAB Corporation Activity Virantes For the Month Ended March 31 Units Maintenance Supplies Indirect labor Depreciation Total Required 2 > 8 00:45.35 You have just been hired by FAB Corporation, the manufacturer of a revoktionary new garage door opening device. The presidents asked that you review the company's costing system and do what you can to help us get better control of our manufacturing overhead costs. You find that the company has never used a flexible budget and you suggest that preparing such a budget would be an excellent first step in overhead planning and control After much effort and analysis. you determined the following cost formulas and gathered the following action cont cute for March Actual Cost Controle In March Utilities $18.9.21 er machine how $ 23,530 Haintenance $3,400.33.10 per machine her $57,500 Supplies 10.0 per machine hour $ 15,00 Indirect labor $94.400 . 51. Per chine hour 135,200 Depreciation 16.10 $ 60,200 During March, the company worked 21.000 machine hours and produced 15.000 units. The company had originally planned to work 22,000 machine hours during March Required 1. Calculate the activity variances for March 2. Calculate the spending variances for March Complete this question by entering your answers in the tabs below. Required 1 Recared Calculate the spending variances for March. (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect ( eo variance), Input all amounts as positive values:) FAB Corporation Spending Variances For the Month Ended March 31 Us Maintenance Supplies Indirect labor Depreciation Total 8 00:45.35 You have just been hired by FAB Corporation, the manufacturer of a revoktionary new garage door opening device. The presidents asked that you review the company's costing system and do what you can to help us get better control of our manufacturing overhead costs. You find that the company has never used a flexible budget and you suggest that preparing such a budget would be an excellent first step in overhead planning and control After much effort and analysis. you determined the following cost formulas and gathered the following action cont cute for March Actual Cost Controle In March Utilities $18.9.21 er machine how $ 23,530 Haintenance $3,400.33.10 per machine her $57,500 Supplies 10.0 per machine hour $ 15,00 Indirect labor $94.400 . 51. Per chine hour 135,200 Depreciation 16.10 $ 60,200 During March, the company worked 21.000 machine hours and produced 15.000 units. The company had originally planned to work 22,000 machine hours during March Required 1. Calculate the activity variances for March 2. Calculate the spending variances for March Complete this question by entering your answers in the tabs below. Required 1 Recared Calculate the spending variances for March. (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect ( eo variance), Input all amounts as positive values:) FAB Corporation Spending Variances For the Month Ended March 31 Us Maintenance Supplies Indirect labor Depreciation Total
