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Needed ASAP Exercise 11-32 Overhead Variances (LO 11-5) Montoursville Control Company, which manufactures electrical switches, uses a standard-costing system. The standard production overhead costs per
Needed ASAP
Exercise 11-32 Overhead Variances (LO 11-5) Montoursville Control Company, which manufactures electrical switches, uses a standard-costing system. The standard production overhead costs per switch are based on direct-labor hours and are as follows: "Based on capacity of 308,000 direct-labor hours per month. The following information is available for the month of October. - Varlable overhead costs were $5,460,000. - Flocd overhead costs were $8,025,000 - 58,600 switches were produced, although 61.600 switches were scheduled to be produced. - 291,000 direct-labor hours were worked at a total cost of \$5,425,000. Required: Compute the variable-overhead spending and efficiency variances and the fixed-overhead budget and volume varfances for October. (Indicote the effect of eoch variance by selecting "Favorable" or "Unfovorable". Select "None" and enter " 0 " for no effect (i.e., zero voriance).) "Based on capacity of 308,000 direct-labor hours per month. The following information is available for the month of October. - Varlable overhead costs were $5,460,000. - Fixed overhead costs were $8,025,000. - 58,600 switches were produced, although 61,600 switches were scheduled to be produced. - 291,000 direct-labor hours were worked at a total cost of \$5,425,000. Required: Compute the variable-overhead spending and efficiency variances and the fixed-overhead budget and volume variances for October. (Indicote the effect of eoch voriance by selecting "Favorable" or "Unfovoroble". Select "None" and enter " O " for no effect (i.e., zero variance).) Step by Step Solution
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