please answer requirement 2 and show work how you got each answer! TYSM

W E11-30A (similar to) 3 Question Help Center Ware is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? Requirement 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) Begin by computing the variable manufacturing overhead rate variance. First determine the formula for the rate variance, then compute the rate variance for variable manufacturing overhead. Variable overhead Actual hours x Standard rate Actual rate rate variance 759 U 2,530 5.00 S 5.30 Now compute the variable manufacturing overhead efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for variable manufacturing overhead. Variable overhead Standard rate x Standard hours allowed 2.200 Actual hours 2,530 ) = efficiency variance 1,650 U $ 5.00 x $ What do each of these variances tell management? The unfavorable variable manufacturing overhead (MOH) rate variance tells managers that actual manufacturing overhead costs were higher than expected. The unfavorable variable MOH efficiency variance tells managers that act Choose from any list or enter any number in the input fields and then click Check Answer. E11-30A (similar to) s Question Help CenterWare is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? WII U EGLI UI I Vallab oldilayale! The unfavorable variable manufacturing overhead (MOH) rate variance tells managers that actual manufacturing overhead costs were higher than expected. The unfavorable variable MOH efficiency varlance tells managers that actu direct labor hours were higher than standard hours allowed Requirement 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? (Abbreviations used: MOH = manufacturing overhead. Enter the variances as positive numbers. Label the variance as favorable (F) or unfavorable (U).) Begin by computing the fixed manufacturing overtiead budget variance. First determine the formula for the budget variance, then compute the budget variance for fixed manufacturing overtiead. Fixed MOH Actual fixed overhead 18,600 Budgeted fixed overhead 18.800 = budget variance $ 200 F $ S Now compute the fixed manufacturing overhead volume variance. First determine the formula for the volume variance, then compute the volume variance for fixed manufacturing overhead. Fixed MOH = volume variance Choose from any list or enter any number in the input fields and then click Check Answer 1 part remaining Clear All Final Check E11-30A (similar to) Question Help i Actual Results CenterWare is ar (Click the ic Requirements 1. Compute the 2. Compute the VIALUU ET CenterWare allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,100 flower pots: Standard Price and Volume The unfavorable acte direct labor hou Requirement 2 as favorable (F) Direct materials (resin) 9 pounds per pot at a cost of $5.00 Ince Begin by compu per pound 2.0 hours at a cost of $20.00 per hour Direct materials Purchased 10,720 pounds at a cost of $5.30 per pound; Used 10,120 pounds to produce 1,100 pots Direct labor Worked 2.3 hours per flower pot (2,530 total DLH) at a cost of $18.00 per hour Actual variable manufacturing overhead...... $5.30 per direct labor hour for total actual variable manufacturing overhead of $13,409 Actual fixed manufacturing overhead ...... $18,600 Standard fixed manufacturing overhead allocated based on actual production ....... $19,800 Direct labor Standard variable manufacturing Overhead rate Budgeted fixed manufacturing overhead Standard fixed MOH rate $5.00 per direct labor hour $18,800 S Now compute th $9.00 per direct labor hour (DLH) Print Done Print Done Choose from an nart