Prep QUESTION 3 overhead costs (10) (20) The following performance report summarizes budget and actual usage...

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Prep QUESTION 3 overhead costs (10) (20) The following performance report summarizes budget and actual usage and costs for the items shown for a particular month in which 100 SeaCruiser hulls were produced by Cruiser Inc. Raw materials: Glass fiber cloth: quantity Budget; Standard/hull of 218 meters @$2.10/m x 100,hulls Actual: 22 500 m @2.05/m Budget Actual Variance $45 780 $46 125 $345 U 22500=100 =225 New quantity Direct labour: Tvariance -218 = Build up labour: 33 280 32 893 387 F Budget; Standard/hull of 26 hrs @$12.80/hr x 100 hulls Actual: 2540/hrs @12.95/hr $40 100=25.4 Variable overhead: Related to build up labour Budget: Standard/hull of 26hrs @$3.20/hr x 100 hulls Actual: 2 540hrs @ $3.20/hr Totals Required 8 320 8 128 192F $87 380 $87 146 $234 F Analyse the budget variance for each item by calculating the quantity and cost per unit of input variances. Prep QUESTION 3 overhead costs (10) (20) The following performance report summarizes budget and actual usage and costs for the items shown for a particular month in which 100 SeaCruiser hulls were produced by Cruiser Inc. Raw materials: Glass fiber cloth: quantity Budget; Standard/hull of 218 meters @$2.10/m x 100,hulls Actual: 22 500 m @2.05/m Budget Actual Variance $45 780 $46 125 $345 U 22500=100 =225 New quantity Direct labour: Tvariance -218 = Build up labour: 33 280 32 893 387 F Budget; Standard/hull of 26 hrs @$12.80/hr x 100 hulls Actual: 2540/hrs @12.95/hr $40 100=25.4 Variable overhead: Related to build up labour Budget: Standard/hull of 26hrs @$3.20/hr x 100 hulls Actual: 2 540hrs @ $3.20/hr Totals Required 8 320 8 128 192F $87 380 $87 146 $234 F Analyse the budget variance for each item by calculating the quantity and cost per unit of input variances.