CH 11-Q7)

Overhead is applied to production based on standard labour hours.

	Sage Company:		Pronghorn Company:
Number of labour hours budgeted		A		5,020
Standard variable overhead rate per labour hour		$2		J
Standard labour hours allowed per unit		5		2
Actual labour hours used per unit		B		2.10
Actual variable overhead rate per hour		C		K
Fixed overhead allocation rate per hour		$4		L
Actual total variable overhead costs		D		$15,181
Actual total fixed overhead costs		E		$23,340
Budgeted variable overhead		$20,900		M
Budgeted fixed overhead		$40,400		N
Fixed overhead allocated to production		F		$24,800
Variable overhead spending variance		$492 F		0
Variable overhead efficiency variance		$830 F		$690 U
Fixed overhead volume variance		G		$1,050 F
Total fixed overhead budget variance		$620 U		P
Number of budgeted units for this period		H		Q
Number of actual units produced this period		I		R

REQUIRED:

Find the values of missing information for letters A through R in the columns for Sage and Pronghorn Companies. (Round per unit and per hour answers to 2 decimal places, e.g. 25.25 and other answers to 0 decimal places, e.g. 125.)

Sage Company Pronghorn Company Number of labour hours budgeted 5,020 Standard variable overhead rate per labour hour $2 $ Standard labour hours allowed per unit 5 2 Actual labour hours used per unit 2.10 LE Actual variable overhead rate per hour $ $ Fixed overhead allocation rate per hour $4 $ Actual total variable overhead costs $ $15,181 Actual total fixed overhead costs $ $23,340 Budgeted variable overhead $20,900 $ Budgeted fixed overhead $40,400 $ Fixed overhead allocated to production $ $24,800 Variable overhead spending variance $492 F $ Variable overhead efficiency variance $830 F $690 U Fixed overhead volume variance $ $1,050 F Total fixed overhead budget variance $620 U $ Number of budgeted units for this period Number of actual units produced this period Sage Company Pronghorn Company Number of labour hours budgeted 5,020 Standard variable overhead rate per labour hour $2 $ Standard labour hours allowed per unit 5 2 Actual labour hours used per unit 2.10 LE Actual variable overhead rate per hour $ $ Fixed overhead allocation rate per hour $4 $ Actual total variable overhead costs $ $15,181 Actual total fixed overhead costs $ $23,340 Budgeted variable overhead $20,900 $ Budgeted fixed overhead $40,400 $ Fixed overhead allocated to production $ $24,800 Variable overhead spending variance $492 F $ Variable overhead efficiency variance $830 F $690 U Fixed overhead volume variance $ $1,050 F Total fixed overhead budget variance $620 U $ Number of budgeted units for this period Number of actual units produced this period