last year, Gladner Company

1. Compute the applied fixed overhead 2. Compute the fixed overhead spending and volume variances. 3. Compute the applied variable overhead. 4. Compute the variable overhead spending and efficiency variances 3 Exercise 11-38 Understanding Relationships between Overhead Variances, Budgeted Amounts, and Actual Units Produced and Direct Labor Hours Worked Last year, Gladner Company had planned to produce 140,000 units. However 143,000 uni were actually produced. The company uses direct labor hours to assign overhead to products $11 Each unit requires 0.9 standard hour of labor for completion. The fixed overhead rate was per direct labor hour and the variable overhead rate was $6.36 per direct labor hour. The following variances were computed: S9.196 U 1,272 0 Fixed overhead spending variance $24,000 U 29,700 F Variable overhead spending variance Variable overhead efficiency variance Fixed overhead volume variance Required: 1. Calculate the total applied fixed overhead. 2. Calculate the budgeted fixed overhead. 3. Calculate the actual fixed overhead. 4. Calculate the total applied variable overhead. 5. Calculate the number of actual direct labor hours. 6. Calculate the actual variable overhead. Exercise 11-39 Performance Report for Variable Overhead Variances Anker Company had the data below for its most recent year, ended December 31: Variable overhead standards