Help! Please read requirements too, i am super confused.
Homework: Topic 4 Homework (Chapter 23) Save Score: 0 of 10 pts 3 of 4 (0 complete) Score: 0%, 0 of 60 pts E23-20 (similar to) E Question Help All - Star Fender is a competitor of Best Fender. All -Star Fender also uses a standard cost system and provide the following information: E (Click the icon to view the information.) All - Star Fender allocates manufacturing overhead to production based on standard direct labor hours. All-Star Fender reported the following actual resuts for 2016 actual number of fenders produced, 20,000; actual variable overhead, $5,250; actual fixed overhead, $29,000; actual direct labor hours, 380. Read the requirements. Requirement 1. Compute the overhead variances for the year: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and officiency variances, and identify whether each variance is favorable F or unfavorable U Abbreviations used: AC-actual cost; AQ actual quantity: FOH zfxed overhead; SC standard cost; standard quantity: VOH variable overhead.) Formula Variance VOH cost variance VOH efficiency variance Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer st Fender. All-Star Fender also uses a standard cost system and provide the following i tion.) ing overhead to production based on standard direct labor hours. All - Star Fender report 0,000; actual variable overhead, $5,250; actual fixed overhead, $29,000; actual direct lab Data Table ad varia cy va t and eff ad cos Static budget variable overhead 3,500 head Static budget fixed overhead 28,000 Static budget direct labor hours Static budget number of units Standard direct labor hours 700 hours 28,000 units 0.025 hours per fender Print Done number in the input fields and then click Check Answer Clear All st Fender. All-Star Fender also uses a standard cost system and provide the following in tion.) ring overhead to production based on standard direct labor hours. All -Star Fender reporte 0,000; actual variable overhead, $5,250; actual fixed overhead, $29,000; actual direct labo Requirements 1. Compute the overhead variances for the year: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance 2. Explain why the variances are favorable or unfavorable. Print Done y number in the input fields and then click Check Answer Clear All 2
