Earthern Ware is a manufacturer of ceramic bottles. (Click the icon to view the standards. (Click the icon to view the actual results.) Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. Compute the production volume variance. What does this tell management? Requirement 1. Compute the total manufacturing overhead variance. What does this tell management? Identify the formula labels and compute the total manufacturing overhead variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) What does the total manufacturing overhead variance tell management? This variance tells managers that Earthern Ware manufacturing overhead by $ Requirement 2. Compute the overhead flexible budget variance. What does this tell management? Identify the formula labels and compute the overhead flexible budget variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Earthern Ware is a manufacturer of ceramic bottles. (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. Compute the production volume variance. What does this tell management? What does the overhead flexible budget variance tell management? This variance tells managers that Earthern Ware actually incurred $ for manufacturing overhead than they would have expected for the actual volume produced during the year. Requirement 3. Compute the production volume variance. What does this tell management? Identify the formula labels and compute the production volume variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Earthern Ware is a manufacturer of ceramic bottles. (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. Compute the production volume variance. What does this tell management? Data table Data table Last month, Earthern Ware reported the following actual results for the production of 67,000 bottles: Direct materials Direct labour .1/4 hour per bottle, at a cost of $13.50 per hour Actual variable overhead .$92,000 ar. Actual fixed overhead $26,500 This variance tells managers that $ of the total overhead variance arose because Earthern Ware produced bottles than originally expected. It is because Earthern Ware used its plant capacity originally anticipated. Earthern Ware is a manufacturer of ceramic bottles. (Click the icon to view the standards. (Click the icon to view the actual results.) Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. Compute the production volume variance. What does this tell management? Requirement 1. Compute the total manufacturing overhead variance. What does this tell management? Identify the formula labels and compute the total manufacturing overhead variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) What does the total manufacturing overhead variance tell management? This variance tells managers that Earthern Ware manufacturing overhead by $ Requirement 2. Compute the overhead flexible budget variance. What does this tell management? Identify the formula labels and compute the overhead flexible budget variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Earthern Ware is a manufacturer of ceramic bottles. (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. Compute the production volume variance. What does this tell management? What does the overhead flexible budget variance tell management? This variance tells managers that Earthern Ware actually incurred $ for manufacturing overhead than they would have expected for the actual volume produced during the year. Requirement 3. Compute the production volume variance. What does this tell management? Identify the formula labels and compute the production volume variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Earthern Ware is a manufacturer of ceramic bottles. (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. Compute the production volume variance. What does this tell management? Data table Data table Last month, Earthern Ware reported the following actual results for the production of 67,000 bottles: Direct materials Direct labour .1/4 hour per bottle, at a cost of $13.50 per hour Actual variable overhead .$92,000 ar. Actual fixed overhead $26,500 This variance tells managers that $ of the total overhead variance arose because Earthern Ware produced bottles than originally expected. It is because Earthern Ware used its plant capacity originally anticipated