McClarke supplies restaurants with many premanufactured ingredients (such as bags of frozen french fries). Assume that the McClarke french fries manufacturing facility actually incurred

$2,550,000 of manufacturing overhead for the year ($1,800,000 variable overhead and $750,000

fixed overhead). Based on the actual output of french fries, the flexible budget indicated that total manufacturing overhead should have been $2,982,400. Using a standard costing system, the company allocated $3,055,000 of manufacturing overhead to production ($2,259,000 variable overhead and

$796,000 fixed overhead). The actual machine hours during the year were 240,000, which was 11,000 hours less than the standard. McClarke's managers had estimated 257,000 hours when they created the budget. Manufacturing overhead is allocated based on machine hours.

1. Calculate the total manufacturing overhead variance. What does this tell managers?

Identify the formula labels, and calculate the total overhead variance.

Total overhead variance:
Actual overhead cost	$2,550,000
Standard overhead allocated to production	3,055,000
Total overhead variance	$505,000

2. Determine the overhead flexible budget variance. Determine the three separate variances that are involved in the flexible budget variance (the variable overhead spending and efficiency variances plus the fixed overhead budget variance). What does this tell managers?

Identify the formula labels, and calculate the overhead flexible budget variance.

Overhead flexible budget variance:
Actual overhead cost	$2,550,000
Flexible budget overhead for actual outputs	2,982,400
Overhead flexible budget variance	$432,400

3. Identify the formula labels, and calculate the variable overhead spending variance. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.)

Variable overhead spending variance:
Actual variable overhead	$1,800,000
Flexible budget variable overhead	2,160,000
Variable overhead spending variance	$360,000

4. Identify the formula labels, and calculate the variable overhead efficiency variance. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.)

Standard overhead rate	x	(	Actual machine hours		Standard machine hours	) =		Variable overhead efficiency variance
9	x	(	240,000		251,000	) =		$99,000

5. Identify the formula labels, and calculate the fixed overhead budget variance. (Do not round intermediary calculations. Only round the amounts entered in the cells to the nearest dollar.)

Fixed overhead budget variance:
Actual fixed overhead	$750,000
Budgeted fixed overhead	815,028
Fixed overhead budget variance	$65,028

I WOULD LIKE TO KNOW HOW TO GET THE $2 160 000 IN PART 3 AND HOW TO GET THE $815 028 IN PART 5. PLEASE SHOW STEPS. THANK YOU