Brilliant Burgers supplies restaurants with many premanufactured ingredients (such as bags of frozen french fries). Assume that the Brilliant Burgers french fries manufacturing facility actually incurred $2.550,000 of manufacturing overhead for the year (51,725,000 variable overhead and $825,000 foed overhead). Based on the actual output of french fries, the flexible budget indicated that total manufacturing overhead should have been $2,963,100. Using a standard costing system, the company allocated $3,075,000 of manufacturing overhead to production (32.992,000 variable overhead and $83,000 fixed overhead). The actual machine hours during the year were 260,000, which was 12,000 hours less than the standard Brilliant Burgers's managers had estimated 277,000 hours when they created the budget Manufacturing overhead is allocated based on machine hours Requirements 1. Calculate the total manufactur Identify the formula labels, and Requirements Total overhead variance Total overhead Variance 1. Calculate the total manufacturing overhead variance What does this tell managers? 2. Determine the overhead flexible budget varianoe. Determine the three separate variances that are involved in the flexible budget variance (the variable overhead spending and efficiency variances plus the foxed overhead budget variance) What does this tell managers? 3. Determine the production volume variance. What does this toll managers? 4. Double check: Do the two variances (computed in Requirements 2 and 3) sum to the total overhead Variance computed in Requirement 12 The variance tolls managers the pplied noe (the variable overhead 2. Determine the overhead flex spending and efficiency variano identify the formula labels, and Overhead flexible budget vara Print Done Overhead Nexible budget vara The varianco tels managers that Brilliant Burgers actually incurred $ for manufacturing overhead than they would have expected for the actual volume of french fries produced during the year Identity the formula labels, and calculate the variable overhead spending variance (Do not round Intermediary calculations. Only round the amount you Input In the call to the nearest dollar) Choose from any list or enter any number in the input fields and then continue to the next question DOR 1. Calculate the total manufacturing overhead variance. What does this tell managers? Identity the formula labels, and calculate the total overhead variance Total overhead variance Total Overhead variance The variance tells managers that Brilliant Burgers incurred | in total manufacturing overhead than the amount of overhead applied. 2. Determine the overhead flexible budget variance. Determine the three separate variances that are involved in the flexible budget variance (the variable overhead spending and efficiency variances plus the fixed overhead budget variance) What does this tell managers? Identify the formula labels, and calculate the overhead flexible budget varianco. Overhead flexible budget variance Overhead flexible budget variance The variance tells managers that Brilliant Burgers actually incurred S for manufacturing overhead than they would have expected for the actual volume of french fries produced during the year Identify the formula tabols, and calculate the variable overhead spending variance. (Do not round intermediary calculations. Only round the amount you the cell to the nearest dollar Brilliant Burgers supplies restaurants with many premanufactured ingredients (such as bags of frozen french fries). Assume that the Brilliant Burgers french fries manufacturing facility actually incurred $2,550,000 of manufacturing overhead for the year ($1,725,000 vanable overhead and $825,000 fixed overhead). Based on the actual output of french fries, the flexible budget indicated that total manufacturing overhead should have been $2,983,100 Using a standard costing system, the company allocated $3,075,000 of manufacturing overhead to production ($2,992,000 variable overhead and $83,000 fixed overhead). The actual machine hours during the year were 260,000, which was 12,000 hours less than the standard. Brillant Burgers's managers had estimated 277.000 hours when they created the budget Manufacturing overhead is allocated based on machine hours. BuurenE) Variable overhead spending variance Variable overhead spending variance This variance implies that Brilliant Burgers spent $ bocause it had a tuvourable variable overhead rato Identity the formula lubels, and calculate the variable overhead efficiency variance. (Do not round Intermediary calculations. Only round the amount you input in the cell to the nearest dollar) Variable overhead officiency variance This variance implies that Brilliant Burgers was efficient with its variable overhead since it used hours and the rate in $ per hour Identity the formula lubels, and calculate the fixed overhead budget varlanon. (Do not round Intermediary calculations. Only round the amounts entered in the cells to the nearest dollar) Fixed overhead budget variance Fixed overhead budget variance This implies that rant Burgers used fixed overhead than it originally budgeted for Choose from any list or enter any number in the input fields and then continue to the next question Identify the formula labels, and calculate the fixed overhead budget variance. (Do not round Intermediary calculations. Only round the amounts entered in the cells to the nearest dollar.) Fixed overhead budget variance Foed overhead budget variance This implies that Brilliant Burgers used fixed overhead than it originally budgeted for 3. Determine the production volume variance. What does this tell managers? Identify thie formuta labels, and calculate the production volume variance Production volume variance Production volume variance Thin variano telo manager Brilliant Burgero uned its plant capacity efficiently than originally anticipated 4. Double check: Do the two variances (computed in Requirements 2 and 3) sum to the total overhead variance computed in Requirement 1? Yos No