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Overhead information for Cran-Mar Company for October follows: Required: 1. What is the standard fixed factory overhead rate per machine hour (MH) ? 2. What
Overhead information for Cran-Mar Company for October follows: Required: 1. What is the standard fixed factory overhead rate per machine hour (MH) ? 2. What is the denominator activity level that was used to establish the fixed factory overhead application rate? 3. Two-way analysis (breakdown) of the total factory overhead cost variance: calculate the following factory overhead cost variances for October and indicate whether each variance is favorable (F) or unfavorable (U). a. Total flexible-budget variance. b. Production volume variance. c. Total overhead cost variance. 4. Calculate the production volume variance and indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. Two-way analysis (breakdown) of the total factory overhead cost variance: calculate the following factory overhead cost variances for October and indicate whether each variance is favorable (F) or unfavorable (U)
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