.

Briance, fixed overhead cost variance, and fixed overhead volume variance. compute each variance amount . i Data Table Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units 7,700 3,300 1.100 hours 2.750 units Jackson allocates manufacturing overhead to production based on standard direct labor hours. Last month, Jackson reported the following actual results: actual variable overhead, $10,000: actual fixed overhead, $2,810. actual production of 6.900 units at 0.30 direct labor hours per unit. The standard direct labor time is 0.4 direct labor hours per unit (1 100 static direct labor hours / 2.750 static units). Done Fall 2020 AC116 Managerial Accounting(LEC) MWF 1:25PM-2:20PM cm 14541 Homework: Chapter 23 Homework Score: 5.63 of 10 pts WS23-10 (similar to) The following information relates to Jackson, Inc's overhead costs for the month: (Click the icon to view the information.) Requirements Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed 2. Explain why the variances are favorable or unfavorable. 1. Requirement 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency varis Begin by selecting the formulas needed to compute the variable overhead (VOH) and fixed overhead (FOH) variances, and then cc (Actual cost - Standard cost) Actual hours EVOH cost variance (Actual hours - Standard hours allowed) Standard cost = VOH elliciency variance Actual overhead-Budgeted overhead FOH costvariance Budgeted overhead-Allocated overhead = FOH volume variance ed costs for the month ariable overhead costvariance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance able month:variable overhead cos variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance wanable overhead (VOH) and foed overhead (FOH) variances, and then compute each variance amount. - X Data Table VOH cost variance VOH eficiency variance FOH cost variance FOH volume variance Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units S 7700 $ 3,300 1.100 hours 2.750 units Jackson allocates manufacturing overhead to production based on standard direct labor hours. Last month, Jackson reported the following actual results actual variable overhead. $10.000. actual fixed overhead, $2.810. actual production of 6.900 units at 0.30 direct labor hours per unit The standard direct labor time is 0.4 direct labor hours per unit (1 100 static direct labor hours 12.750 static units) Phot Done