1.8 points 1 Exercise 11-22 Straightforward Computation of Overhead Variances (LO 11-5) Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor $ eBook Budgeted fixed overhead $120,000 Budgeted output 6.00 per direct-labor hour 2 hours per unit of output 20,000 units Print References Actual results for April are as follows: Actual output 14,000 units Actual variable overhead $252,000 Actual fixed overhead Actual direct labor $111,000 40,000 hours Required: Use the variance formulas to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) 1. Variable-overhead spending variance 2. Variable-overhead efficiency variance 3. Fixed-overhead budget variance 4. Fixed-overhead volume variance 3 Exercise 11-28 Construct a Flexible Overhead Budget; Hospital (LO 11-1, 11-2) 1.8 points eBook Print References The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 28 kilowatt-hours of electricity per patient-day, and that the electric rate will be 0.16 euro per kilowatt-hour. The hospital also pays a fixed monthly charge of 2,300 euros to the electric utility to rent emergency backup electric generators. Required: Construct a flexible budget for the hospital's electricity costs using each of the following techniques. 1. Formula flexible budget. 2. Columnar flexible budget for 33,000, 43,000 and 53,000 patient-days of activity. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Formula flexible budget. (Round per unit to 2 decimal places.) Total budgeted monthly overhead cost Budgeted variable overhead cost per x Total activity units activity unit Bugeted fixed overhead cost per month x patient days < Required 1 Required 2 > 3 Exercise 11-28 Construct a Flexible Overhead Budget; Hospital (LO 11-1, 11-2) 1.8 points eBook Print References The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 28 kilowatt-hours of electricity per patient-day, and that the electric rate will be 0.16 euro per kilowatt-hour. The hospital also pays a fixed monthly charge of 2,300 euros to the electric utility to rent emergency backup electric generators. Required: Construct a flexible budget for the hospital's electricity costs using each of the following techniques. 1. Formula flexible budget. 2. Columnar flexible budget for 33,000, 43,000 and 53,000 patient-days of activity. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Columnar flexible budget for 33,000, 43,000 and 53,000 patient-days of activity. Patient Days 33,000 43,000 53,000 Variable electricity cost Fixed electricity cost Total electricity cost 0 0 0 < Required 1 Required 2 > 1.8 5 Montoursville Control Company, which manufactures electrical switches, uses a standard-costing system. The standard production overhead costs per switch are based on direct-labor hours and are as follows: points Variable overhead (5 direct-labor hours @ $13.00 per hour) Fixed overhead (5 direct-labor hours @ $21.00 per hour)* Total overhead eBook *Based on capacity of 304,500 direct-labor hours per month. Print References The following information is available for the month of October. $ 65 105 $ 170 Variable overhead costs were $4,620,000. Fixed overhead costs were $6,975,000. 57,900 switches were produced, although 60,900 switches were scheduled to be produced. 284,000 direct-labor hours were worked at a total cost of $4,725,000. Required: Compute the variable-overhead spending and efficiency variances and the fixed-overhead budget and volume variances for October. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).) Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance