10 points Save Answer Sucher Company uses a standard cost system in which manufacturing overhead costs are applied to units of product on the basis of machine hours. The company's condensed flexible budget for manufacturing overhead is given below: (10 marks) Per Machine Hour Machine Hours 20,000 25.000 30,000 Variable overhead costs $3 $60,000 $75,000 $90,000 Fixed overhead costs 300,000 300,000 300,000 $360,000 $375,000 $390,000 Total overhead costs The denominator level of activity is 30,000 machine hours. Standards call for 2.5 machine hours per unit of output. Actual activity and manufacturing overhead costs for the year are given below: Units produced Machine hours used Overhead costs incurred: Variable costs Fixed costs 12.800 units 31,600 machine hours $96.000 $297,000 Required: a) What are the standard hours allowed for the output? b) What was the variable overhead spending variance? c) What was the variable overhead efficiency variance? d) What was the fixed overhead budget variance? e) What was the fixed overhead volume variance? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)