M22-24 needs to be solved

Fixed Overhead Variances (LO3) Assume that Marathon Oil uses a standard cost system for each of its refineries. For the Text city refinery, the monthly fixed overhead budget is $6,000,000 for a planned output of 2,000,000 For September, the actual fixed cost was $6,250,000 for 2,100,000 barrels. Required Determine the fixed overhead budget variance. If fixed overhead is applied on a per-barrel basis, determine the volume variance. Reconciling Budgeted and Actual Income Midstate Supply Company has three responsibility centers: sales, production, and administration The following information pertains to the November activities of Midstate Supply. Budgeted contribution income....$18,000 Actual contribution income.... 27,000 Sales price variance.... 24.000F Sales volume variance.... 40,000F Net sales price variance.... 6,000F Sales department variable expense variance.... 18,000U Sales department fixed expense variance.... 1,500U Administration department variances.... 500F Production department variances.... 2,000U Required Prepare a reconciliation of budgeted and actual contribution income