I need help with these 2 questions. Thanks.
Predetermined OH Lansing Mfg. prepared the following annual abbreviated flexible budget for different levels of machine hours: 64,000 70,400 76,800 83,200 Variable manufacturingoverhead $128,000 $140,800 $153,600 $166,400 Fixed manufacturing overhead 520,000 520,000 520,000 520,000 Each product requires four hours of machine time, and the company expects to produce 16,000units for the year. Production is expected to be evenly distributed throughout the year. a. Calculate separate predetermined variable and fixed OH rates using as the basis of application (1) units of production and (2) machine hours. Note: Do not round your answers. Variable 0H Rate Fixed 0H Rate (1) Units of product $ 0 $ 0 (2) Machine hours 5 0 $ 0 b. Calculate the combined predetermined OH rate using (1) units of product and (2) machine hours. Note: Do not round your answers. Combined Rate (1) Units of product 5 O (2) Machine hours $ 0 c. Assume that all actual overhead costs are equal to expected overhead costs for the year, but that Lansing Mfg. produced 17,600 units of product. lfthe separate rates based on units of product calculated in (a) were used to apply overhead, what amounts of underapplied or overapplied variable and fixed overhead exist at year-end? Note: Do not use a negative sign with your answer. Variable OH $ 0 Fixed OH $ 0 0 0 Please answer all parts of the question. OH Application Lansing Mfg. prepared the following annual abbreviated flexible budget for different levels of machine hours: 80,000 88,000 96,000 104,000 Variable manufacturing overhead $160,000 $176,000 $192,000 $208,000 Fixed manufacturing overhead 650,000 650,000 650,000 650,000 Each product requires four hours of machine time and the company expects to produce 20,000 units for the year. Assume that Lansing Mfg. has decided to use units of production to apply overhead to production. In April of the current year, the company produced 1,800 units and incurred $15,000 and $53,000 of variable and fixed overhead, respectively. a. What amount of variable manufacturing overhead should be applied to production in April? Applied VOH $ 0 b. What amount of fixed manufacturing overhead should be applied to production in April? Applied FOH $ 0 c. Calculate the under- or overapplied variable and fixed overhead for April. Note: Do not use negative signs with your answers. Variable OH $ O Fixed OH $ 0 Please answer all parts of the