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Top Eaglc Company makes customzcd golf shirts for salc to golf coursos Each shirt roquires 1.5 hours to produce bocause of the customizod loga for cach golf coursc. Top Eagle uscs direct labor-hours to allocate the overhcad cost to production Fixcd averhcad costs, inclucing rent de rnaanan su en sory salanes arn ather raduction m pere es are tu eled $156; 0 per mirth Th currently used ts arge enau to rnduce 1 300 hits per mirth unng March Tap Ea tt produced 650 shirts arn actual fixed costs w re $11 00 Read he Ls whether it is avorable (F) or untavorable U). Begin by detemining the tomula then computing the hxed ovemead rate per direct labor hour. (Hound the hxed overhead rare to tha nearest cent) Fixed uverhead rale 1. Calaulate the fixed overthead spending variance and indicate whether ir is 2. f Top Eagle uses direct labor houre available at capacty to calculate the 3 An unfavorable prrdurtion-valume varian uld he interpreted as the Actual Costs Static Allocated Incurred Overhead budgerad torad overhesd rate, whar is the producton-volume vanance? Indicate whether ir is faworable Funfaarable (U) ecenicst of unused capacity. Why wud Tup Eaglebe willrng to incur his cost Calcuiate the tued overhead spending vanance and indicate whether it is tavorable F)or untavorable (U) Spending varia Calculale the fixed averhead praductinve riare and irvdicater whether it is favtxrale(F) ar unfavorable (U) 4. Grand Slam's budgeted variable cost per unit is $28, and it expects to sell its shirts for 60 apiocc Computc thc salcs-volumc vanancc and rcconcic it with the n requirerient 2 What dzes eachi conceptmeasure? Requirement 3. An un avuratie puduction vulumtt anance ould be nlerpre eu as it cunumccusl u unused caspeuty. W wu Tup Eagle belling u "icur this cust? Select al that apply. L For most product demand vanes rom month to month. Top Ea e ants o eet demand n igh dem ar months he compan ill ha e excess can t n kw demand mon hs Having some accese capacity ould a o basic economics pro des a den and curve that shows a tradeott between p ce charged and quar den anded Po en al op Eage could have over net evenue r t produces at capacity and sells a a lower p ce an r Pint Done Top Eage to poduce enough to co er peak dem and as well as slack to deal with unexpected demand surges in non-peak months sells at a h gher p ce some level below ca acr Choose frorn any list or eriler any number in he input rields ar then conlinue to lhe nexl question. Eagle Company makes customized golt s it stor sae o oit courses. Each ehrt re ures 1 5 hours o pro ce beca se ctthe cus onnzed logo tor each o course. Too Eagle uses direct labor hours o a locate the ove mead cost o production Fixed ove ead cost depreciabon, supevsory salanies, and other production expenses, are budgeted at $15,600 per month. The tacilrty curently used is lage enough to produce 1,300 shirs per montn. Dunng March, Top Eagle produced 650 shirts and actual tred costs were $11.200 ncluding rent, Read the requirements u; For most orooucts aemana ooes nor varv rrom montno monen 100le may oeillingto ncur ue cost or unusea capacity because it is easy to raCK ana makes ouageong more D Basic economics pro des a demand cure that shows a trade om beween capacity and actual t ed overhead expenses. This creates an inherent cost of unused ca act oer ich Top Eagle has no control Require ent 4 and an s budgc od war able cos per unit S28 and it c pocts o sc 't sh ts or $60 a co on punc tnc sa c o me vana co and roconc c t with he production volumc anan calculato in Oqurcmon 2 what does cach concopt moasu c? Begin by calculating the static budget operating inceme for MMarch. Revenues Fored civerhead rnets Stratic-budget perrating incom Ncxt, calculate the cxiblo-bucgct cpcrating ncc for March. Reveriues Vanable costs red overhead costs Hexible budget operating income Compute the sales-volume variancc and incicate whether it is favorable (F) or unfavorble (U) Sales volume variance Now selert the forrmla ari enter the aunts to ralcuate the oeating-income vlurme vaariar Requirements 1. Calculate the xed cverhead spending variance and indicate whether it is avorable or untavorable U) 2 it Top Eage uses drect labor hours available at capacty to calculate the oudgeted hxed overhead rate, what is the production-volume vanance? Indicate wncthor it is favorable or unavorable U) 3. An ufavorable production-volune variance could be intcrproted as the cconcmit rost of unusod capacty Why would Top Eagle be willing to incur his st? 4. Grand Sam's burgeterd variable cnst per urit is $2, ard it expects ta sell its its r S80 apiece Compule the sales-vulure varae ad conle it with the production vclume variance calculated in requirement 2 hat does each concept measure? Operating-income volume vanance Print Done Choose from any list or enter arry number in the input fields and thei continue to the nextd question. | Tcp Eagle Company makes customized golt shirts tor sale to golt courses. Each shit requires 1.5 hours to produce because ot the customzed logo tor each golt course. Top Eagle uses direct labor-hours to allocabe the overhead cost to production. Fxed overnead costs, includng rent dapreciation, supervisory salarias, and other production expenses, ane budgctod at S15,000 per month. The faciity currently used is lage enough to produce 1,300 shirts per month. During March, Top Eagle produced 650 shirts and actual xod costs wero $11,200. Read the requieman Next, calculate the fiexible-budget oparstng income for March Rrverus Fixed uverhead cls Fleobl-hudget aperating incxre Compute the sales volume variance and indicate whetner it is faworable (For unfaworable (U). Sales-volume vanance Now, select the formula and enter the amounts to calculate the operating inceme volume variance. Requirements - val.me variance 1. Calculate the fixed overhead spendng vanance and ncate whether it is favorablo (F) or unfaorable (U) 2. If Top Eagle uses direct labor-hours availabla at capacity to calculate the budactod foxcd ovcrhcad ratc, what is the production-volume varanco? Indirate whether it is favorabla (F) or unfavorahle (U) Reconcile the sales-volume variancc with the production-volume variance calculated in roquircment 2 3. An umfavorabic production-voume variance could be imcrpreodthe enomiccast af unused raparity Why would Tap Fagle be willing to inrir 4 Grarvd Slams igeted variable cast per urit is $, and it expects ta srll its shirlsfen 80 ap Campe he sales-vulurre variar adrccilei with he praduction-valume variance caculaled in requiremet2 hat does each concept measurer What does each concept me3sure? The operating income wolume vanance assumes that s ntwed costs would be saved t prosuction and sales in fixed costs wculd be saved if production and sales volume decreased by nrts. Print Done Choose from a