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Mercuri Company has gathered thefolowing information: Variable manufacturing overhead costs $14,130 Fixed manufacturing overhead costs $11,160 Normal production level in labour hours 9,000 Standard labour
Mercuri Company has gathered thefolowing information: Variable manufacturing overhead costs $14,130 Fixed manufacturing overhead costs $11,160 Normal production level in labour hours 9,000 Standard labour hours 9,400 During the year, 3,260 units were produced, 10,800 hours were worked, and the actual manufacturing overhead was $22,300. Actual fixed overhead totalled $11,190 Mercuri applies overhead based on direct labour hours. Calculate the total, fixed, and variable predetermined overhead rates. (Round answers to 2 decimal places, e.g. 15.25.) Fixed predetermined ovehead rate Variable predetermined ovehead rate Total predetermined ovehead rate per DL hour per DL hour per DL hour Fixed overhead volume variance Favourable Unfavourable Neither favourable nor unfavourable Calculate the fixed overhead spending variance. Fixed overhead spending variance Calculate the variable overhead price variance. Variable overhead price variance Calculate the variable overhead quantity variance. Variable overhead quantity variance Calculate total manufacturing overhead variance. Total overhead variance
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