h Requirements 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Bright, Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of (a) planning and control and (b) inventory costing. 2. Suppose that 975,000 machine-hours were allowed for actual output produced in 2017, but 900,000 actual machine-hours were used. Actual manufacturing overhead was $9,450,000, variable, and $19,100,000, fixed. Compute (a) the variable manufacturing overhead spending and efficiency variances and (b) the fixed manufacturing overhead spending and production-volume variances. 3. What is the amount of the under- or overallocated variable manufacturing overhead and the under- or overallocated fixed manufacturing overhead? Why are the flexible-budget variance and the under- or overallocated overhead amount always the same for variable manufacturing overhead but rarely the same for fixed manufacturing overhead? 4. Suppose the denominator level was 760,000 rather than 1,000,000 machine-hours. What variances in requirement 2 would be affected? Recompute them. Print Done - X Clear all Part 1 of 10 Bright, Inc., is a manufacturer of vacuums and uses standard costing. Manufacturing overhead (both variable and fixed) is allocated to products $19,000,000. Budgeted variable manufacturing overhead was $11 per machine-hour. The denominator level was 1,000,000 machine-hours. Read the equirement Requirement 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Bright, Inc.'s fixed manufacturing overhead cos use the tool line button displayed to draw the graph.) Fixed Manufacturing Overhead Costs Fixed Manufacturing Overhead $24,000,000 $22.500,000 $18,000,000 $16,500,000- $15,000,000 $13,500,000 $9,000,000 $7,500,000 0,000- ,000- Costs Q G Part 1 of 10 %, 0.76 of 4 points Points: 0 of 1 th variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2017, budgeted fixed manufacturing overhead cost was mator level was 1,000,000 machine-hours. Save ww Bright, Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of (a) planning and control and (b) inventory costing. (Enlarge the graph and Mandating avemead (both variable and fixed) is allocated to products on the basis of budge 19,000,000. Budgeted variable manufacturing overhead was $11 per machine-hour. The denominator level was 1,000,000 machine-hours. Cead the quirement Requirement 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Bright, Inc.'s fixed manufacturing overhead costs will be depicted fou use the tool line button displayed to draw the graph.) Fixed Manufacturing Overhead $24,000,000- $22.500,000- 2000 $18.000.000 6 $16,500,000- Total Fixed Manufacturing Overhead Costs $13,500,000- $12.000.000-1 0,500,000 $9,000,000 $7,500,0004 $6,000,000- $1,500,000- Costs a G 400,000 800,000,200,000 Machine-Hours Click to enlarge graph