= Homework: Chapter 8 Homework Question 4, E8-29 (similar to) Part 1 of 9 HW Score: 2.94%, 0.59 of 20 points O Points: 0 of 4 Save Meal Delivery Fast (MDF) operates a meal home-delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who place orders on MDF's website. MDF allocates variable and fixed overhead costs on the basis of delivery time. MDF's owner, Steve Roberts, obtains the following information for May 2017 overhead costs: , : (Click the icon to view the information.) - X Read the requirements Data table Actual Results Requirement 1. Compute spending and efficiency variances for MDF's variable overhead in May 2017. Begin by calculating the following amounts for the variable overhead. (Round your answer to the nearest dollar.) Static Budget 10.200 8,300 0.70 Actual input Meal Delivery Fast (May 2017) Output units (number of deliveries) Hours per delivery Hours of delivery time Variable overhead cost per hour of delivery time Variable overhead costs Fixed overhead costs 5,700 Actual costs Flexible S 1.50 incurred budgeted rate budget Variable OH S 10,830 S $ 39,600 $ 35,700 Requirements Done 1. Compute spending and efficiency variances for MDF's variable overhead in May 2017 2. Compute the spending variance and production-volume variance for MDF's fixed overhead in May 2017 3. Comment on MDF's overhead variances and suggest how Steve Roberts might manage MDF's variable overhead differently from its fixed overhead costs. Print Done Help me solve this Etext pages Get more help Clear all Check