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5 Answer the following 2 questions using the information below, 16 17 Willis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable

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5 Answer the following 2 questions using the information below, 16 17 Willis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable manufacturing 18 overhead. The following information pertains to the company's manufacturing overhead data: 19 20 Budgeted output 30,000 units 21 Budgeted machine-hours 10,000 hours 22 Budgeted variable manufacturing overhead costs for 30,000 unit $322,500 23 Actual output produced 44,000 units 24 Actual machine-hours used 14,400 hours 25 Actual variable manufacturing overhead costs $484,000 26 27 Q12: What is the flexible budget amount for variable overhead? (2 Marks) 28 a) $330,000 29 b) $473,000 30 c) $484,000 d) $322,500 2 742: What is the variable overhead rate variance? (2 Marks) a) $13,611 Favorable 35 b) $13,611 Unfavorable 36 c) $19,600 Unfavorable B d) $19,600 Favorable

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