I am not sure How to:

1. Calculate Applied at Standard
2. where the work (shown in the middle) got the number 24,000 from. It says in the Problem the Fixed OVHD is $24,500, could this be a typo or, what am I not seeing?

Krane Company has a standard costing system and keeps all his costs up to date. The company's main product is beach towels which are made In a single department. The standard variable costs for one beach towel (unitj are as follows: Direct materials (3 yards at $1.00 per yard) $ 3.00 Direct labor (1/2 hour at $9.00 per hour) $ 4.50 Variable overhead (1/2 hour @ $5.00 per direct labor hour) $ 2.50 The company's normal capacity is 10,000 direct labor hours. Its budgeted fixed overhead costs for the year were $24,000. During the year, it produced and sold 22,000 beach towels and it purchased and used 66,250 yards of direct materials; the purchase cost was $64,925. The average labor rate was $9.10 per hour, and 10,900 direct labor hours were worked. The company's actual variable overhead costs for the year were $55,045, and its fixed costs were $24,900. What are the material, labor, and overhead variances? Standard rate: $24,000/10,000 DLH = $2.40/DUH * Applied @ Standard = $2.40/DLH x 11,000 DLH = $26,400 Volume Variance: APPO STD - BUDGET 26,400 - 24,000 = $2,400.DOF Budget Variance: BUDGET - ACT 24,000 - 24,500 = $500.0QU App@ Sid = AD . AR Fix OVHD Variance: Volume = Applied @ Sted - Budget F. OUHD 10 900. 1910