During the year, Moleno produced 118,600 units, worked 592,300 direct labor hours, and incurred actual fixed overhead costs of $2,150,400 and actual variable overhead costs of $1,422,800 Required 1 Calculate the standard fixed overhead rate and the standard variable overhead rate Round to two decimal places Standard fixed overhead rate $ per dlh Standard variable overhead rate $ per dlh 2 Compute the applied fixed overhead and the applied variable overhead What is the total fixed overhead variance Total variable overhead variance Enter variance amounts as positive numbers and select Favorable or Unfavorable Applied fixed overhead$Applied variable overhead$Total fixed overhead variance$ Favorable or Unfavorable Total variable overhead variance$ Favorableor Unfavorable 3 CONCEPTUAL CONNECTION Break down the total fixed overhead variance into a spending variance and a volume variance Enter amounts as positive numbers and select Favorable or Unfavorable Spending variance$ Favorable or Unfavorable Volume variance$ Favorable or Unfavorable 4 CONCEPTUAL CONNECTION Compute the variable overhead spending and efficiency variances Enter amounts as positive numbers and select Favorable or Unfavorable Spending variance$ Favorable or Unfavorable Efficiency variance$ Favorable or Unfavorable

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During the year, Moleno produced 118,600 units, worked 592,300 direct labor hours, and incurred actual fixed overhead costs of $2,150,400 and actual variable overhead costs

During the year, Moleno produced 118,600 units, worked 592,300 direct labor hours, and incurred actual fixed overhead costs of $2,150,400 and actual variable overhead costs of $1,422,800.

Required:

1. Calculate the standard fixed overhead rate and the standard variable overhead rate. Round to two decimal places.

Standard fixed overhead rate $ per dlh

Standard variable overhead rate $ per dlh

2. Compute the applied fixed overhead and the applied variable overhead. What is the total fixed overhead variance? Total variable overhead variance? Enter variance amounts as positive numbers and select Favorable or Unfavorable.

Applied fixed overhead$Applied variable overhead$Total fixed overhead variance$
Favorable or Unfavorable
Total variable overhead variance$
Favorableor Unfavorable

3. CONCEPTUAL CONNECTION Break down the total fixed overhead variance into a spending variance and a volume variance. Enter amounts as positive numbers and select Favorable or Unfavorable.

Spending variance$
Favorable or Unfavorable
Volume variance$
Favorable or Unfavorable

4. CONCEPTUAL CONNECTION Compute the variable overhead spending and efficiency variances. Enter amounts as positive numbers and select Favorable or Unfavorable.