Please answer the 4. Compute the fixed overhead cost variances

C Home - my.centennialcollege.ca x D21 Chapter 11 Connect Quiz - 23W - x M Question 3 - Chapter 11 Connect X Problems X *Homework Help - Q&A from Onl x + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FlmsC... . .. M Gmail YouTube Maps = News Paraphrasing Tool -... Homeworkify.Net >... w. WSerials.Com C Home - my.centennesi Cinemas - You.. T Self Assessments Cost Classification.. Human Resources J... Chapter 11 Connect Quiz i Saved Help Save & Exit Submit Check my work 3 ? Variable overhead efficiency variance ? Variable overhead spending variance 10 ? Labour efficiency variance points 4. Compute the fixed overhead cost variances. (Indicate the effect of variance by selecting "F" for favourable, "U" for unfavourable, eBook and "None" for no effect (i.e., zero variance).) Print References Fixed overhead budget variance Fixed overhead volume vari 5. This part of the question is not part of your Connect assignment. Mc Graw Hill 19 C Q Search HAL ENG Haze O myhp 3:32 PM US 2023-04-15 5C Home - my.centennialcollege.ca x D21 Chapter 11 Connect Quiz - 23W - x M Question 3 - Chapter 11 Connect X Problems X *Homework Help - Q&A from Onl x + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FlmsC... . .. M Gmail YouTube Maps = News Paraphrasing Tool -.. Homeworkify.Net >... w. WSerials.Com C Home - my.centennesi Cinemas - You... T Self Assessments Cost Classification.. Human Resources J... Chapter 11 Connect Quiz @ Saved Help Save & Exit Submit Check my work 3 Miller loy Company manufactures a plastic swimming pool at its Westwood Plant. I he standard cost for one pool is as follows: Standard Quantity or Standard Hours Standard Price or Rate Cost Direct materials 1.40 kilograms $5.00 per kilogram $ 7.00 Direct labour 0. 80 hours $6.00 per hour 4.80 10 Variable manufacturing overhead 0. 40 machine-hours $2.00 per machine-hour 0. 80 points Total standard cost $12.60 eBook The plant has been experiencing problems for some time, as is shown by its June income statement when it made and sold 14,800 Print pools; the normal volume is 14,950 pools per month. Fixed costs are allocated using machine-hours. References Flexible Budgeted Actual Sales (14, 800 pools) $ 444, 000 $ 444, 000 Less: Variable expenses: Variable cost of goods sold* 186, 480 193, 250 Variable selling expenses OOL'6T 19, 700 Total variable expenses 206, 180 212, 950 Contribution margin 237, 820 231, 050 Less: Fixed expenses: Manufacturing overhead 128,000 128, 000 Selling and administrative 82, 880 82, 880 Total fixed expenses 210, 880 210, 880 Net income $ 26,940 $ 20, 170 *Contains direct materials, direct labour, and variable manufacturing overhead. Janet Dunn, the general manager of the Westwood Plant, wants to get things under control. She needs information about the operations in June since the income statement signalled that the problem could be due to the variable cost of goods sold. Dunn learns the following about operations and costs in June: Mc Graw Hill 19 C 3:33 PM Q Search myhp ofi ENG Haze US 2023-04-15 4C Home - my.centennialcollege.ca x D21 Chapter 11 Connect Quiz - 23W - x M Question 3 - Chapter 11 Connect X Problems X *Homework Help - Q&A from Onl x + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FlmsC... . .. M Gmail YouTube Maps = News Paraphrasing Tool -.. Homeworkify.Net >... we WSerials.Com C Home - my.centennesi Cinemas - You... T Self Assessments Cost Classification. Human Resources J... Chapter 11 Connect Quiz i Saved Help Save & Exit Submit Check my work 3 I he plant has been experiencing problems for some time, as is shown by its June income statement when it made and sold 14,800 pools; the normal volume is 14,950 pools per month. Fixed costs are allocated using machine-hours. Flexible Budgeted Actual 10 Sales (14, 800 pools) $ 444, 000 $ 444, 060 points Less: Variable expenses : Variable cost of goods sold* 186, 480 193, 250 Variable selling expenses 19,700 19, 700 Total variable expenses 206, 180 212, 950 eBook Contribution margin 237, 820 231, 050 Less: Fixed expenses: Print Manufacturing overhead 128, 000 128, 000 Selling and administrative 82 , 880 82, 880 References Total fixed expenses 210, 880 210, 880 Net income $ 26,940 $ 20, 170 *Contains direct materials, direct labour, and variable manufacturing overhead. Janet Dunn, the general manager of the Westwood Plant, wants to get things under control. She needs information about the operations in June since the income statement signalled that the problem could be due to the variable cost of goods sold. Dunn learns the following about operations and costs in June: a. 31,200 kilograms of materials were purchased at a cost of $4.00 per kilogram. b. 24,500 kilograms of materials were used in production. (Finished goods and work-in-process inventories are insignificant and can be ignored.) c. 11,800 direct labour-hours were worked at a cost of $7 per hour. d. Variable manufacturing overhead cost totalling $19,350 for the month was incurred. A total of 4,300 machine-hours was recorded. It is the company's policy to close all variances to cost of goods sold on a monthly basis. Mc Graw Hill 19 C Q Search myhp ENG 3:34 PM Haze O US 2023-04-15 4