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How do you solve for the following?: 2. Calculate the fixed overhead volume variance for Bullseye. 3. Calculate the total over- or underapplied fixed manufacturing

How do you solve for the following?:

2.Calculate the fixed overhead volume variance for Bullseye.

3.Calculate the total over- or underapplied fixed manufacturing overhead for Bullseye.

Information given is as follows:

Bullseye Company manufactures dartboards. Its standard cost information follows:

Standard QuantityStandard Price (Rate)Standard Unit Cos tDirect materials (cork board)2.5sq. ft.$2.00per sq. ft.$5.00 Direct labor1 hrs.$14.00per hr.14.00 Variable manufacturing overhead (based on direct labor hours)1hrs.$0.50per hr.0.50Fixed manufacturing overhead ($40,000 160,000 units)0.25

Bullseye has the following actual results for the month of September:

Number of units produced and sold140,000 Number of square feet of corkboard used360,000 Cost of corkboard used$756,000 Number of labor hours worked148,000 Direct labor cost$1,938,800 Variable overhead cost$72,000 Fixed overhead cost$50,000

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