Elegance is a manufacturer of large flower pots for urban settings. The company has these standards: Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manual Standard Price and Volume Requirement 1. Compute the numbers. Enter the currency favorable (F) or unfavorable Begin by computing the varie Direct materials (resin) 13 pounds per pot at a cost of $5.00 manufacturing overhead. per pound Direct labor 3.0 hours at a cost of $20.00 per hour Standard variable manufacturing overhead rate $2.00 per direct labor hour Budgeted fixed manufacturing overhead $20,000 Now compute the variable ml for variable manufacturing oy Standard fixed MOH rate $5.00 per direct labor hour (DLH) ariances as positive Label the variance as rate variance for variable e the efficiency variance Print Done What do each of these variances tell management? Choose from any list or enter any number in the input fields and then continue to the next question Elegance is a manufacturer (Click the icon to view the Requirements 1. Compute the variable man 2. Compute the foxed manual Actual Results Requirement 1. Compute the numbers. Enter the currency Lavorable (F) or unfavorable Begin by computing the varie manufacturing overhead. ariances as positive Label the variance as rate variance for variable Elegance allocated forced manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,600 flower pots Direct materials Purchased 22,040 pounds at a cost of $5.10 per pound, Used 21,440 pounds to produce 1,600 pots Direct labor Worked 3.5 hours per flower pot (5,600 total DLH) at a cost of $19.00 per hour Actual variable manufacturing overhead....$2.40 per direct labor hour for total actual variable manufacturing overhead of $13.440 Actual fixed manufacturing overhead $19,600 Standard faced manufacturing overhead allocated based on actual production $24.000 Now compute the variablem Hor variable manufacturing on le the efficiency variance 2. What do each of these vara 1 Choose from any list or on Print Done 2 Requirement 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? (Enter the variances as poitive numbers. Enter the currency amounts in the formulas to the nearest cont, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) Begin by computing the variable manufacturing overhead rate variance. First determine the formula for the rate variance, then compute the rate variance for variable manufacturing overhead Variable overhead x rate variance x Now compute the variable manufacturing overhead efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for variable manufacturing overhead Variable overhead x efficiency variance x What do each of these variances tell management? Elegance is a manufacturer of large flower pots for urban settings. The company has these standards: Click the icon to view the standards.) Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the foed manufacturing overhead variances. What do each of these variances tell management? What do each of these variances tell management? The variable manufacturing overhead (MOH) rate variance tells managers that The variable MOH efficiency variance tells managers that actual were 2 were than expected than 2 Requirement 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? (Abbreviations used: MOH - manufacturing overhead. Enter the variances as positive numbers. Label the variances as favorable (F) or unfavorable (U).) Begin by computing the fixed manufacturing overhead budget variance. First determine the formula for the budget variance, then compute the budget variance for faced manufacturing overhead Fixed MOH budget variance Now compute the fixed manufacturing overhead volume variance. First determine the formula for the volume variance, then compute the volume variance for fixed manufacturing overhead Elegance is a manufacturer of large flower pots for urban settings. The company has these standards: Click the icon to view the standards.) Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? MY OVOC van PSV mora Begin by computing the fixed manufacturing overhead budget variance. First determine the formula for the budget variance, then compute the budget variance for faced manufacturing overhead Fixed MOH budget variance Now compute the fixed manufacturing overhead volume variance. First determine the formula for the volume variance, then compute the volume variance for fixed manufacturing overhead Fixed MOH - volume variance What do each of these variances tell management? The fixed overhead budget variance tells managers that overhead volume variance tells managers that The fixed Choose from any list or enter any number in the input fields and then continue to the naut Elegance is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? Requirement 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) Begin by computing the variable manufacturing overhead rate variance. First determine the brmula for the rate variance, then compute tho rato variance for variable manufacturing overhead. Variable overhead x rate variance First determine the formula for the efficiency variance, then compute the efficiency variance X Now compute the variable manufactu Actual hours for variable manufacturing overhead. Actual quantity purchased Actual rate Standard hours allowed x Standard rate Variable overhead efficiency variance What do each of these variances tell management? Choose from any list or enter any number in the input fields and then continue to the next question 00 O tv