Check my work 3 Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock tems carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate bened on direct labor-hours In the most recent month, 205,000 items were shipped to customers using 9.200 direct labor-hours. The company incurred a total of $33,580 in variable overhead costs According to the company's standards, 0.02 direct labor hours are required to fulfill an order for one item and the variable overhead rate is $3.70 per direct labor-hour BOOK int ences Required: 1. What is the standard labor-hours allowed (SH to ship 205,000 items to customers? 2. What is the standard variable overhead cost allowed (SHSR) to ship 205,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? (For requirements 3 and 4. indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Input all amounts as positive values. Do not round Intermediate calculations.) 4. What is the variable overhead rate variance and the variable overhead efficiency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard quantity of labor hours allowed 2. Standard variable overhead cost allowed 3 Variable overhead spending variance 4. Variable overhead rate variance Variable overhead officiency variance Check my work Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor hours allowed for the actual output of the period. Data concerning the most recent year appear below Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor hours (denominator level of activity) Actual direct labor. hours Standard direct labor-hours allowed for the actual output 5 530,400 3521.000 68,000 69.000 66.000 Required: 1. Compute the fixed portion of the predetermined overhead rate for the year (Round Fixed portion of the predetermined overhead 2. Compute the fixed overhead budget variance and volume variance (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance.). Input all amounts os positive values.) rate to 2 decimal places.) Required: 1. Compute the fixed portion of the predetermined overhead rate for the yeat (Round Fixed portion of the predetermined overhead rote to 2 decimal places.) 2. Compute the fixed overhead budget variance and volume variance (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance.). Input all amounts os positive values.) per DLH 1 Fixed portion of the predetermined overhead rate 2 Budget variance Volume variance tival Windo
