Natson Foods processes bags of organic frozen fruits sold at specialty grocery stores Click the loon to view additional information) Read the requirements Requirement 1. How much variable overhead would have been allocated to production? How much fixed overhead would have been allocated to production? The variable overhead located to production is $ Now determine the fred overhead allocated to production The food overhead allocated to production is $ Requirement 2. Compute the variable MOH rate variance and the variable MOH efficiency variance. What do these variances toll managers? Begin by determing the formula for the variable MOH rate variance, then calculate the variable overhead rate variance (Enter the rest as a positive number. Enter rates to two favorable (F) or unfavorable (U)) Variable overhead rate variance This verance tes managers that alson Foods actually incurred on variable manufacturing overhead than they would have expected given the actual hours used. Now determine the formula for the variable MOH efficiency variance, then calculate the efficiency variance. (Enter the result as a positive number. Enter any rates to two decimal pla or unfavorable (1) Choose from any ist or enter any number in the input fields and then continue to the next question 80 81 18 ! $ 4 % 5 2 3 & 7 6 8 9 0 Q W E R T fab Y U o P A S D F G es lock H J K Z X C V BN M T HC control option command command Click the icon to view additional information Read the requirements This variance tels managers that Watson Foods actually incurred on variable manufacturing overhead than they would have expected given the actual hour Now determine the formula for the variable MOH efficiency variance, then calculate the efficiency varianon (Enter the result as a positive number. Enter any rates to or urtavorable Variable overhead efficiency variance This we tells managers that Watson Foods used direct labor hours than anticipated for the actual volume of output Requirement 3. Compute the feed MOH budget variance and the feed overhead volume variance. What do these variances tell managers? Begin by determing the formula for the feed MOH budget variance, then calculate the feed budget variance (Enter the result as a positive number. Label the variance as Fixed MOH - budget variance This variancells us that Wison Foods spent than anticipated on fed overhead costs Choose from any list of enter any number in the input Selds and then continue to the next question Bo C 2 $ 4 3 5 6 & 7 8 9 O Q W tab E R T Y U 0 ps lock S D G H K L N C V BN M control option command comman This variance tells managers that Watson Foods used direct labor hours than anticipated for the actual volume of output. Requirement 3. Compute the fixed MOH budget variance and the fixed overhead volume variance. What do these variances tell managers? Begin by determing the formula for the fixed MOH budget variance, then calculate the fixed budget variance. (Enter the result as a positive numbe Fixed MOH = budget variance This variance tells us that Watson Foods spent than anticipated on fixed overhead costs. Now determine the formula for the fixed overhead volume variance, then calculate the volume variance. (Enter the result as a positive number. Labelt Fixed MOH = volume variance This variance tells managers that Watson Foods produced cases of frozen organic fruits than originally expected. Choose from any list or enter any number in the input fields and then continue to the next question ed * Requirements riar mudg hs fa 1. How much variable overhead would have been allocated to production? How much fixed overhead would have been allocated to production? 2. Compute the variable MOH rate variance and the variable MOH efficiency variance. What do these variances tell managers? 3. Compute the fixed MOH budget variance and the fixed overhead volume variance. What do these variances tell managers? volun vorable Print Done Volume varanco produced cases of frozen organic fruits than originally expected. the input fields and then continue to the next question. 80 888 00 DU DD F F7 FB % 5 & 7 4 6 8 9 0 R. T Y 0 This variance tells us that Watson Foods spent than anticipated on fooed overhead costs. Now determine the formula for the fixed overhead volume variance, then calculate the volume variance. (Enter the result as a positive number. Label Fixed MOH volume variance od cases of frozen organic fruits than originally expected Actualoed overhead Budgeted food overhead Standard hours allowed ci Standard quantity lowed Standard Sided overhead cost located to production t fields and then continue to the next question MacBook Air 14 * RO 21 ve Fe $ 4 UX & 7 1 2 3 6 8 9 Q W E R T Y U . S DFG H J eps lock N X | V B Z M control option command DUDU V at Watson Foods spent than anticipated on foed overhead costs mula for the fixed overhead volume variance, then calculate the volume variance (Enter the result as a positive number. Label the variance as fa Fixed MOH - volume variance Sected Actual foed overhead managers that Watson Foods produced Budgeted fixed overhead Standard hours allowed list or enter any number in the input se Standard quantity allowed Standard rate Sided overhead cost located to production MacBook Air RO F FE B 2 3 $ 4 & 7 5 6 8 9 W E R T Y - o S D F G H J L C V B N M