4. Standard cost system-overhead variances(20 points)

Assume the following data for John Company?s August operations (See ATTATCHED)

Show all computations for potential partial credit and to maximize your score: 4. Standard cost system-overhead variances Assume the following data for John Company's August operations. (a) Compute the amount of overhead applied to Work-in-Process during August. $_______________ (b) Compute the total manufacturing overhead budgeted based on hours worked during August. $_______________ (c) Compute the overhead spending variance for August. Indicate whether favorable (F) or unfavorable (U). $_______________ (d) Compute the overhead volume variance for August. Indicate whether favorable (F) or unfavorable (U). $_______________