Landin Company makes watches For 2017, the company expected fixed overhead costs of $1,596,000 Landin uses direct labor hours to allocate fixed overhead and anticipates 45,600 hours during the year for an expected output of 570,000 units An equal number of units are budgeted for each month During October, 51,000 watches were produced and $128,500 was spent on fixed overhead Calculate the following a the fixed overhead rate for 2017 b the fixed overhead spending variance for October andc the production volume variance for October Question content area bottom Part 1 a Calculate the fixed overhead rate for 2017 Fixed overhead rate per hour for 2017 Landin Company makes watches For 2017 , the company expected fixed overhead costs of $1,596,000 Landin uses direct labor hours to allocate fixed overhead and anticipates 45,600 hours during the year for an expected output of 570,000 units An equal number of units are budgeted for each month During October, 51,000 watches were produced and $128,500 was spent on fixed overhead Calculate the following a the fixed overhead rate for 2017 b the fixed overhead spending variance for October and c the production volume variance for October a Calculate the fixed overhead rate for 2017 Fixed overhead rate per hour for 2017

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Landin Company makes watches. For 2017, the company expected fixed overhead costs of $1,596,000. Landin uses direct labor-hours to allocate fixed overhead and anticipates 45,600

Landin

Company makes watches. For

2017,

the company expected fixed overhead costs of

$1,596,000.

Landin

uses direct labor-hours to allocate fixed overhead and anticipates

45,600

hours during the year for an expected output of

570,000

units. An equal number of units are budgeted for each month. During

October,

51,000

watches were produced and

$128,500

was spent on fixed overhead.

Calculate the following:

a. the fixed overhead rate for

2017;

b. the fixed overhead spending variance for

October;

andc. the production-volume variance for

October.

Question content area bottom

Part 1

a. Calculate the fixed overhead rate for

2017.

Fixed overhead rate per hour for 2017

\ image text in transcribed

Landin Company makes watches. For 2017 , the company expected fixed overhead costs of $1,596,000. Landin uses direct labor-hours to allocate fixed overhead and anticipates 45,600 hours during the year for an expected output of 570,000 units. An equal number of units are budgeted for each month. During October, 51,000 watches were produced and $128,500 was spent on fixed overhead. Calculate the following: a. the fixed overhead rate for 2017 ; b. the fixed overhead spending variance for October; and c. the production-volume variance for October. a. Calculate the fixed overhead rate for 2017. Fixed overhead rate per hour for 2017