Exercise 11: Standard cost Medal Corporation uses direct labor hours to allocate factory overhead. During the period, the company produced 5,100 units and incurred variable factory overhead costs of $21,000, Use the information below to determine the following round dollars to the nearest cent): 110% 5,500 4,125 Medal Corporation Factory Overhead Cost Budget For the three months ending March 31, 2015 Percent of normal capacity 90% 100% Units produced 4,500 5,000 Direct labor hours (0.75 hr per unit) 3,375 3,750 Budgeted factory overhead: Variable cost: Indirect factory labor 8.100 9 .000 Indirect materials 3,600 Utilities E 6 ,750 7.500 Total variable cost 18,450 20.500 Fixed costs Supervisor salaries 12,000 12,000 Depreciation 8.000 8.000 Total fixed costs 20.000 20.000 Total factory overhead cost 38.450 40.500 9.900 4.4001 8.250 22.550 12,000 8.000 20,000 42:350] a. Variable factory overhead rate b. Variable factory overhead controllable variance c. is the variable factory overhead controllable variance favorable or unfavorable? d. Fixed factory overhead rate e Fixed factory overhead volume variance 1. Is the fixed factory overhead volume variance favorable or unfavorable? 2. Determine the total factory overhead cost variance by comparing actual and applied factory overhead. Is the variance favorable or unfavorable