Master-Cut processes bags of frozen organic vegetables sold at specialty grocery stores Master Cut allocate manufacturing overhead based on direct labour hours Master-Cut actually processed 185,000 cases of organic vegetables during the year and incurred 5340,000 of manufacturing overhead of this amount, 5610,000 was feed Click the icon to view the additional data) Requirements 1. What is the flexible budget (for the actual output) for variable overhead? For fred overhead? For total overhead? Data e X 2 How much overhead would have been allocated to production? 3 Use your answer from Requirement to determine the overhead flexible budget variance. What does this to managers? 4 Use your answer from Requirements 1 and 2 to determine the production volume valance What does this to managers? 5. What is the total overhead wice? Standard variable overhead rate 55 Standard red overhead rate 515 Standard total overhead 520 Requirement 1. What is the fable budget (for the actual output for variable overhead? For fed overhead? For total overhead? Amount of cases processed Tod Master Cut Standard fred overhead Direct labour standard for each case 0:35 Flexible Budget for Actual Outputs Variable manufacturing overhead Done Fred manufacturing overhead 2 Master-Cut processes bags of frozen organic vegetables sold at specialty grocery stores Master Cut allocate manufacturing overhead based on direct labour hours Master-Cut actually processed 185,000 cases of organic vegetables during the year and incurred 5340,000 of manufacturing overhead of this amount, 5610,000 was feed Click the icon to view the additional data) Requirements 1. What is the flexible budget (for the actual output) for variable overhead? For fred overhead? For total overhead? Data e X 2 How much overhead would have been allocated to production? 3 Use your answer from Requirement to determine the overhead flexible budget variance. What does this to managers? 4 Use your answer from Requirements 1 and 2 to determine the production volume valance What does this to managers? 5. What is the total overhead wice? Standard variable overhead rate 55 Standard red overhead rate 515 Standard total overhead 520 Requirement 1. What is the fable budget (for the actual output for variable overhead? For fed overhead? For total overhead? Amount of cases processed Tod Master Cut Standard fred overhead Direct labour standard for each case 0:35 Flexible Budget for Actual Outputs Variable manufacturing overhead Done Fred manufacturing overhead 2