Data table Data table Earthem Ware is a manulacturer of ceramic botties. (click the icon to view the standardn.) (Click the icon to vlew the actual results.) Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Computo the ovechead Fexible budget variance. What does this tell management? 3. Compute the producioe velume varance. What does this tell management? Frequirement 1. Compute the totai manutactung overtead varance. What does this toll managernent' Ibenufy the formula labels and compute the total manufacturing everhead varianoe. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourabie (U).) Total ovechesd variance. What does the total mansfacturing overhead variance lell management? This variance tolis managens that Earthem Ware manufacturing overtoad by 8 Requirement 2. Compute the overhead floxble b this tell management? Identify the formula labeis and compete the overh 8. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U)) overalccated Overtead flexibie budebt yariance Overtiesd flaxible bufget variance What does the ovortwad flexble tudget varitnoe polt management? This variance tels managers that Earthern Ware achialy incurted 9 for manulachurng overtead that ley would have expected for the actual volume proctuced during the year. Requlinement 3. Compute the production volame vanance. What does t sins? ifentfy the forrnula labels and combute the production volurne variance If as a positive number, Label the variance as favourable (F) or unturourable (U). Whet does the groducton volume varance tell managemeni? This yalance felt managers that 4 of the botal overhed varkance arose bocaube Earthem Ware prodaced used ia plant capacity originaly anticiobed. Requirament 3. Compute the production volune variance. What does this tell managemant? Idendy the formula labeis and comptie the production voluma varlanoe. (Enter the result as a positive number. Label the varlance as favourable (F) or unfavourable (U).) Prestirtinn uwame varisnne. What does the production volume variance lel managomedr? This variance lelis managere nets of the stal overted variance arose because Earthem Ware croduced bottes than arioinaly enpacted, it is used its plant capacity because tarthem Wara criginally ansicipated. Requirement 3. Corrpute the productico volume vanance. What does this tel management? Ioentif the formula labels and compute the production volume varlance. (Enter the reault as a pesileve numbec. Label the variance as favourable (F) or untavourable (U) tarourable What does the production wieme variatce teli menigement? untarourabie uses its plavit cegacty orghaly anticipates. Requirement 3. Compute the production volume variance. What does this tel management? Ioensify the formula labels and compute the production volume variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfaveurable (U).) Production velume vatiante: iarthen Ware preduced bottles than originaly axpected, it is ises in plant capaoty orgnaly anticpated. because Earthem Wara
