Please answer the 3 accounting questions attached.

Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates ba Standard costs per unit (one box of paper): Variable overhead (2 direct-labor hours @ $6) Fixed overhead (2 direct-labor hours @ $10) $ Total $ 12 20 32 During April, 38,000 units were scheduled for production: however, only 32,000 units were actually produced. The fo 1. Actual direct-labor cost incurred was $1,608,000 for 67,000 actual hours of work. 2. Actual overhead incurred totaled $1,315,400, of which $415,400 was variable and $900,000 was fixed. Required: Prepare two exhibits similar to Exhibit 11-6 and Exhibit 11-8, which show the following variances. State whether eac 1. Variable-overhead spending variance. 2. Variable-overhead efficiency variance. 3. Fixed-overhead budget variance. 4. Fixed-overhead volume variance. Variable-Overhead Spending and Efficiency Variances. (Select "None" and enter "0" for no effect (i.e., zero varian 1 Actual Variable Overhead X Actual Rate (AVR) x per hour Actual Qty (AQ) hours Variable -overhead spending and Efficiency Variance (Hours= Direct- Labor Hours) 2 Projected Variable Overhead Actual Qty (AQ) X x hours Variable- overhead spending variances Fixed-Overhead Budget and Volume Variances. (Select "None" and enter "0" for no effect (i.e., zero variance).) Fixed- overhead budget and Volume variances (Hours= Direct- Labor Hours) 2 Budgeted Fixed Overhead 1 Actual Fixes Overhead Fixed-overhead budget variance ped standard overhead rates based on a monthly capacity of 93,000 direct-labor hours as follows: were actually produced. The following data relate to April. riable and $900,000 was fixed. g variances. State whether each variance is favorable or unfavorable, where appropriate. " for no effect (i.e., zero variance). Round "Actual Rate" and "Standard Rate" to 2 decimal places.) d spending and Efficiency Variances (Hours= Direct- Labor Hours) 3 Flexible budget: Variable Overhead StandarX x hours Standard Rate (SVR) per hour Variable -overhead efficiency variances effect (i.e., zero variance).) udget and Volume variances 3 Fixed overhead applied to work in process Standard allowed hours x Standard Fixed-Overhead Rate x hours per hour Fixed- Overhead Volume variance cimal places.) Standard Rate (SVR) per hour 4 Variable Overhead Applied to Work-in-Process Standard Allowed Qty (SQ) X Standard Rate (SVR) x hours per hour No difference Fall City Hospital has an outpatient clinic. Jeffrey Harper, the hospital's chief administrator, is very concerned abo The following information is available for June: Medical assistants Fall City's standard wage rate is $14 per hour, and each assistant is expected to sp Clinic supplies The cost of clinic supplies used is budgeted at $12 per labor hour, and the actual cost Lab tests Each patient is anticipated to have four lab tests, at an average budgeted cost of $69 per te Required: 1. Prepare a report that shows budgeted and actual costs for the 1,640 patients served during June. C 2. On the basis of your answer to requirement (1), determine whether Fall City has any significant pro 3-a. Determine the spending and efficiency variances for lab tests. (Hint: In applying the overhead variance fo 3-b. Does it appear that Fall City has any significant problems with the cost of its lab tests? 4. Compare the lab test variance computed in requirement (1), a flexible-budget variance, with the sum Prepare a report that shows budgeted and actual costs for the 1,640 patients served during June. Compute th Budget: 1,640 Patients Actual: 1,640 Patients Variance Medical assistants Clinic Supplies Lab Tests Total Determine the spending and efficiency variances for lab tests. (Hint: In applying the overhead variance formu Variable - overhead spending variance Variable- overhead efficiency variance administrator, is very concerned about cost control and has asked that performance reports be prepared that compare budg and each assistant is expected to spend 30 minutes with a patient. Assistants totaled 850 hours in helping the 1,640 patient per labor hour, and the actual cost of supplies used was $9,450. average budgeted cost of $69 per test. Actual lab tests for June cost $465,432 and averaged 4.3 per patient. 1,640 patients served during June. Compute the differences (variances) between these amounts and label them as favorabl her Fall City has any significant problems with respect to clinic supplies and lab tests. n applying the overhead variance formulas, think of the number of tests as the activity level, and think of the cost per test as t of its lab tests? lexible-budget variance, with the sum of the variances in requirement (3-a). What is the relationship between the flexible bud nts served during June. Compute the differences (variances) between these amounts and label them as favorable or un plying the overhead variance formulas, think of the number of tests as the activity level, and think of the cost per test a epared that compare budgeted and actual amounts for medical assistants, clinic supplies, and lab tests. Past financial stud n helping the 1,640 patients seen, at an average pay rate of $16.70 per hour. per patient. and label them as favorable or unfavorable. hink of the cost per test as analogous to the variable overhead rate.) hip between the flexible budget variance and the total of the individual standard-cost variances? el them as favorable or unfavorable. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Sele think of the cost per test as analogous to the variable overhead rate.) (Indicate the effect of each variance by selecting ests. Past financial studies have shown that the cost of clinic supplies used is driven by the number of medical assistant labo " or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Do not round intermediate calculation h variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Do n of medical assistant labor hours worked, whereas lab tests are highly correlated with the number of patients served. termediate calculations.) e., zero variance). Do not round intermediate calculations.) atients served. Maxwell Company uses a standard cost accounting system and applies production overhead to products on the Standard variable-overhead rate per hour: $8.60 Standard fixed-overhead rate per hour: $14.00 Planned activity during the period: 34,000 machine hours Actual production: 19,700 finished units Machine-hour standard: Two completed units per machine hour Actual variable overhead: $309,120 Actual total overhead: $828,000 Actual machine hours worked: 36,800 Required: 1. Calculate the budgeted fixed overhead for the year. 2. Compute the variable-overhead spending variance. 3. Calculate the company's fixed-overhead volume variance. 4-a. Did Maxwell spend more or less than anticipated for fixed overhead? How much? 4-b. What was the difference in actual and anticipated overhead? 5. Was variable overhead underapplied or overapplied during the year? By how much? Calculate the budgeted fixed overhead for the year. Budgeted Fixed overhead Compute the variable-overhead spending variance. (Indicate the effect of each variance by selecting "Favora Variable-overhead spending variance Calculate the company's fixed-overhead volume variance. (Indicate the effect of each variance by selecting " Fixed-overhead volume variance What was the difference in actual and anticipated overhead? Fixed-overhead budget variance Was variable overhead underapplied or overapplied during the year? By how much? (Do not round intermedi Variable overhead is by verhead to products on the basis of machine hours. The following information is available for the year just ended: riance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Do not r ach variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). D h? (Do not round intermediate calculations.) ar just ended: zero variance). Do not round intermediate calculation.) t (i.e., zero variance). Do not round intermediate calculation.)