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Blue Spruce Company has gathered the following information: Variable manufacturing overhead costs $13,410 $10,440 Fixed manufacturing overhead costs Normal production level in labour hours Standard
Blue Spruce Company has gathered the following information: Variable manufacturing overhead costs $13,410 $10,440 Fixed manufacturing overhead costs Normal production level in labour hours Standard labour hours 9,000 9,500 During the year, 3,370 units were produced, 10,700 hours were worked, and the actual manufacturing overhead was $21,500. Actual fixed overhead totalled $10,530. Blue Spruce applies overhead based on direct labour hours. (a) Your answer is correct. Calculate the total, fixed, and variable predetermined overhead rates. (Round calculations and final answer to 2 decimal places, e.g. 15.25.) Fixed predetermined ovehead rate 1.16 per DL hour Variable predetermined ovehead rate $ 1.49 per DL hour Total predetermined ovehead rate $ 2.65 per DL hour Attempts: 1 of 2 used (b) Your answer is correct. Calculate the fixed manufacturing overhead volume variance. Fixed overhead volume variance $ 580 i Favourable Attempts: 1 of 2 used (c) Your Answer Correct Answer Your answer is correct. Calculate the fixed overhead spending variance. Fixed overhead spending variance $ -90 Unfavourable (d) Your answer is correct Calculate the variable overhead price variance. Variable overhead price variance 4973 i Favourable (e) Your answer is correct Calculate the variable overhead quantity variance. Variable overhead quantity variance $ 1788 Unfavourable Attempts: 1 of 2 used (f) Your answer is partially correct. Calculate total manufacturing overhead variance. Total overhead variance 6855 Favourable
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