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I need the blank space for Part C Spindle Company manufactures pillows. For 2020, the company expects fixed overhead costs of $210,000. Spindle uses machine-hours
I need the blank space for Part C
Spindle Company manufactures pillows. For 2020, the company expects fixed overhead costs of $210,000. Spindle uses machine-hours to allocate fixed overhead costs and anticipates 5,250 hours during the year to manufacture 21,000 pillows. During 2020, Spindle manufactured 19,800 pillows and spent $207,500 on fixed overhead costs. Calculate the following: a. The fixed overhead rate for 2020 b. The fixed overhead spending variance for 2020 c. The production-volume variance for 2020 HERE a. Calculate the fixed overhead rate for 2020 Fixed overhead rate per hour for 2020 $ 40 b. Calculate the fixed overhead spending variance for 2020. (Complete all input fields.) Fixed overhead spending variance Favorable or Amount Unfavorable? 2,500 Favorable c. Calculate the production-volume variance for 2020. (Complete all input fields.) Production-volume variance Favorable or Amount Unfavorable? UnfavorableStep by Step Solution
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