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please answer parts 1-4 The company incurred the following actual costs when it operated at 75% of capacity in October. Problem 8-3A (Algo) Part 1
please answer parts 1-4
The company incurred the following actual costs when it operated at 75% of capacity in October. Problem 8-3A (Algo) Part 1 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%,75%, and 85% capacity levels: 2. Compute the direct materiais variance, including its price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. 3. Compute the direct labor variance, including its rate and efficiency variances Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places. 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance Step by Step Solution
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