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please i need it asap The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: The following information is available for a recent
please i need it asap
The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: The following information is available for a recent period: a. The denominator activity of 5,500 machine-hours was chosen to compute the predetermined overhead rate. b. At the 5,500 standard machine-hours level of activity, the company should produce 2,200 units of product. c. The company's actual operating results were as follows: Required: 1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements. (Round your onswers to 2 decimol pleces.) 2. What were the standard hours allowed for the year's actual output? (Do not round intermediate caiculations.) 3. Compute the variable overhead spending and efficiency variances and the fixed overhead budget and volume variances, (Do not. round intermediate calculations. Round your answers to 2 decimal places. Indicote the effect of each variance by selecting "F" for fovourable, "U" for unfovourable, and "None" for no effect (i.e., zero variance).) Step by Step Solution
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