5 D please thank you!

5) For fixed overhead, calculate how much fixed overhead would have been applied. Remember that overhead (fixed and variable) is applied based on a standard or predetermined rate for a budgeted level of activity. a) Calculate portion of the predetermined rate relating to fixed overhead using the table below using budgeted overhead costs and standard hours of labor expected for "PLANNED/BUDGETED" production level. Fixed Overhead Pre-Determined Rate Add Depreciation-Plant equipment, fixed Budgeted Fixed Overhead Costs 695,000 utilities, and plant management salaries rom connect Budgeted DL hours 19,840 Calculate: budgeted # of units (connect) x standard hours per unit in 1 Predetermined Fixed OH Rate 35.03| Calculate: Costs divided by hours b) When a manufacturing company uses standard costing, its overhead is applied based on STANDARD HOURS for the actual number of units produced. For Phoenix Company, this is the standard hours calculated in 3b above. Use these standard hours to calculate the amount of fixed overhead applied below. Standard hours from 3b above 23,560 x predetermined rate from 5a 35.03 Total Fixed OH applied 825,313 c) Calculate and summarize Recalculate the Direct Labor Variances using the "corrected" information. You may want to reference your calculation on Q13 of HW 5. Make sure you indicate whether the variance is favorable or unfavorable and show your work. Fixed Overhead Variances Actual Fixed OH Costs Budgeted Overhead Standard Cost (FOH applied) 282,600 695,000 277,200 412,400 417,800 Favorable/Unfavorable Fixed OH spending variance $412,400 favorable Fixed OH volume variance $417,800 unfavorable Total fixed overhead variance $5,400 Unfavorabled) Summarize the components of overhead controllable variance in the table below. Favorable/Unfavorable Variable OH spending variance Variable OH efficiency variance Fixed OH spending variance Total OH controllable variance