CALCULATOR PRINTER VERSION TON BACK NEXT Expand Your Critical Thinking 24-02 a d Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensive homes, restaurants, and hotels. Although some of the work is custom, many of the cabinets are a standard size. One such non-custom model is called Luxury Base Frame. Normal production is 1,000 units. Each unit has a direct labor hour standard of 5 hours. Overhead is applied to production based on standard direct labor hours. During the most recent month, only 740 units were produced; 4,500 direct labor hours were allowed for standard production, but only 4,000 hours were used. Standard and actual overhead costs were as follows. Standard (1,000 Actual (740 units) units) Indirect materials Indirect labor (Fixed) Manufacturing supervisors salaries (Fixed) Manufacturing office employees salaries (fixed) Engineering costs Computer costs Electricity (Fixed) Manufacturing building depreciation (Fixed) Machinery depreciation (Fixed) Trucks and forklift depreciation Small tools (Fixed) Insurance (Fixed) Property taxes Total $ 10,200 36,400 19,100 11,000 22,900 8,500 2,100 6,800 2,500 1,300 $ 10,400 43,200 18,600 10,600 21,200 8,500 2,100 6,800 2,500 1,300 1,200 400 300 $127,100 600 400 300 $122,100 Determine the overhead application rate. (Round answer to 2 decimal places, e.g. 15.75.) Overhead application rates per direct labor hour LINK TO TEXT Determine how much overhead was applied to production. Applied overhead LINK TO TEXT Calculate the total overhead variance, controllable variance, and volume variance. (Round variable overhead to 2 decimal places and final answers to o decimal places, e.g. 1,575.) Total overhead variance Controllable variance Volume variance LINK TO TEXT Decide which overhead variances should be investigated. Click if you would like to Show Work for this question: Open Show Work