4. Factory overhead variance analysis, budget report. The Cost Department of Dalton Products Inc prepared the following flexible budget for November 9.938 units 4,000 hours 80% 11.180 units 4,500 hours 90% 12.422 units 5.000 hours 100% Production based on standard Labor hours....... Capacity percentage Normal capacity Fixed factory overhead: Superintendence Indirect labor... Manutacturing supplies. Maintenance.... Heat, power, and light, Depreciation Insurance...... Total fixed overhead Variable factory overhead Indirect labor.... Manufacturing supplies Maintenance .... Heat, power, and light. Total variable overhead. Total factory overhead. $ 6.510 5,750 3,490 1.680 110 675 352 $18567 $ 6,510 5.750 3,490 1.680 110 675 352 $18,567 $ 6.510 5,750 3.490 1.680 110 675 352 $18 567 $ 1,928 1.720 628 61 $ 4,337 $22 904 $ 2.169 1.935 707 68 $ 4.879 $23.446 $ 2,410 2,150 785 76 $ 5,421 $23,988 At the end of November, cost accounting tabulation showed 9.689 items manutactured. 4.150 labor hours worked, and actual factory overhead as follows: Superintendence Indirect labor. Manutacturing supplies Maintenance Heat, power, and light. Depreciation Insurance Total factory overhead $ 6.605 7,512 5,450 2.317 195 675 352 $23.106 Required: (1) Compute factory overhead variances, using (a) the three-vanance and (b) the two-vanance methods. (Round off overhead rates to four decimal places, round off vanances to the nearest dollar) (2) Prepare an itemized budget report for the spending variance, including actua factory overhead, budgeted factory overhead, and variances uc 4. Factory overhead variance analysis, budget report. The Cost Department of Dalton Products Inc prepared the following flexible budget for November 9.938 units 4,000 hours 80% 11.180 units 4,500 hours 90% 12.422 units 5.000 hours 100% Production based on standard Labor hours....... Capacity percentage Normal capacity Fixed factory overhead: Superintendence Indirect labor... Manutacturing supplies. Maintenance.... Heat, power, and light, Depreciation Insurance...... Total fixed overhead Variable factory overhead Indirect labor.... Manufacturing supplies Maintenance .... Heat, power, and light. Total variable overhead. Total factory overhead. $ 6.510 5,750 3,490 1.680 110 675 352 $18567 $ 6,510 5.750 3,490 1.680 110 675 352 $18,567 $ 6.510 5,750 3.490 1.680 110 675 352 $18 567 $ 1,928 1.720 628 61 $ 4,337 $22 904 $ 2.169 1.935 707 68 $ 4.879 $23.446 $ 2,410 2,150 785 76 $ 5,421 $23,988 At the end of November, cost accounting tabulation showed 9.689 items manutactured. 4.150 labor hours worked, and actual factory overhead as follows: Superintendence Indirect labor. Manutacturing supplies Maintenance Heat, power, and light. Depreciation Insurance Total factory overhead $ 6.605 7,512 5,450 2.317 195 675 352 $23.106 Required: (1) Compute factory overhead variances, using (a) the three-vanance and (b) the two-vanance methods. (Round off overhead rates to four decimal places, round off vanances to the nearest dollar) (2) Prepare an itemized budget report for the spending variance, including actua factory overhead, budgeted factory overhead, and variances uc
