Homework: Chapter 11 Graded Homework Score: 0 of 8 pts 5 of 5 (0 complete) 11-43B (similar to) Ashford Foods processes bags of organic frozen fruits sold at specialty grocery stores (Click the icon to view additional information) Read the requirements Requirement 1. How much variable overhead would have been allocated to production? How much fixed overhead would have been allocated to production? The variable overhead allocated to production is $ Requirements 1. How much var overhead would 2. Compute the ve these variances Compute the face these variances 3 Enter any number in the edit fields and then click Check Answer Clear 9 pats remaining culteu a total of Dor A Requirements 1. How much variable overhead would have been allocated to production? How much fixed overhead would have been allocated to production? 2. Compute the variable MOH rate variance and the variable MOH efficiency variance. What do these variances tell managers? 3. Compute the fixed MOH budget variance and the fixed overhead volume variance What do these variances tell managers? Print Done HW Score: 0%, 0 of A More Info -X The company allocates manufacturing overhead based on direct labor hours. Ashford has budgeted fixed manufacturing overhead for the year to be $625,000 The predetermined fixed manufacturing overhead rate is $16 80 per direct labor hour, while the standard variable manufacturing overhead rate is $0.80 per direct labor hour. The direct labor standard for each case is one - quarter (0.25) of an hour. The company actually processed 152,000 cases of frozen organic fruits during the year and incurred $691,330 of manufacturing overhead. Of this amount $652.000 was fixed. The company also incurred a total of 41,400 direct labor hours. Print Done