Exercise 8-19 (Algo) Overhead controllable and volume variances; overhead varlance report LO P4 Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unft. For March, the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. The company actually operated at 90% capacity (9.000 units) in March and incurred actual total overhead costs of $83,035 Overhead Budget Ber Operating Levels Production in units 8.00 Budgeted variable overhead $ 33,888 Budgeted fixed overhead $ 48,000 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 30,000 DLH computed as 8,000 units 3.75 DLH per unit 2. Compute the total overhead vartance. 2. Compute the overhead controllable variance, 4. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units * 4 DLA per unit. (Round your answer to 2 decimal places.) Standard overhead rate Radt Required 2 > & Exercise 8-19 (Algo) Overhead controllable and volume varlances; overhead varlance report LO P4 Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit Fo March, the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. The company actually operated at 90% capacity 19,000 units) in March and Incurred actual total overhead costs of $83,035. Overhead Budget sex Operating Levels Production in units 8,888 Budgeted variable overhead $ 33,880 Budgeted fixed overhead $ 48,888 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 30,000 DLH, computed as 8.000 units * 3.75 DLH per unit. 2. Compute the total overhead varlance. 3. Compute the overhead controllable varlance. 4. Compute the overhead volume varlance. Complete this question by entering your answers in the tabs below. Required Required 2 Required Required 4 Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable or no variance Do not round intermediate calculations.) Overhead variance Overhead vanance Exercise 8-19 (Algo) Overhead controllable and volume variances; overhead varlance report LO P4 Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For March, the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. The company actually operated at 90% capacity 19.000 units) In March and incurred actual total overhead costs of $83,035. Box Operating Overhead Budget Levels Production in units 8,000 Budgeted variable overhead $ 33,00 Budgeted fixed overhead $ 48,000 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units 3.75 DLH per unit. 2 Compute the total overhead variance. 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Required: Required 2 Required I Required Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable or no variance. Do not round intermediate calculations.) Controllable Variance Actual total overhead Budgeted flexible overhead Total Controllable variance Exercise 8-19 (Algo) Overhead controllable and volume varlances; overhead varlance repor P4 Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per March, the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared following budget. The company actually operated at 90% capacity (9.000 units) in March and Incurred actual total ove costs of $83,035 Overhead Budget Bex Operating Levels Production in units B, Be Budgeted variable overhead $ 33,080 Budgeted fixed overhead $ 48,000 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 30,000 DLH, computed as units 3.75 DLH per unit 2. Compute the total overhead variance. 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the overhead volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Volume Variance Volume variance