Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Inc. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The original budget is based on budgeted production of 17,700 units in 5,900 standard direct labor hours. Actual production of 18,900 units required 6,700 actual direct labor hours. Variable overhead Fixed overhead Original Budget $19,470 43,070 Actual Costs $22,070 45,300 Required: a. Calculate the flexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for April expressed in terms of direct labor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the over- or underapplied fixed overhead for April. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Calculate the flexed budget allowances for variable and fixed overhead for April. (Do not round intermediate calculations.) Flexed Budget Variable flexed budget Fixed flexed budget Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Inc. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The original budget is based on budgeted production of 17,700 units in 5,900 standard direct labor hours. Actual production of 18,900 units required 6,700 actual direct labor hours. Variable overhead Fixed overhead Original Budget $19,470 43,070 Actual Costs $22,070 45,300 Required: a. Calculate the flexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for April expressed in terms of direct labor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the over- or underapplied fixed overhead for April. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Calculate the direct labor efficiency variance for April expressed in terms of direct labor hours. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct labor efficiency variance hours Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Inc. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The original budget is based on budgeted production of 17,700 units in 5,900 standard direct labor hours. Actual production of 18,900 units required 6,700 actual direct labor hours. Variable overhead Fixed overhead Original Budget $19,470 43,070 Actual Costs $22,070 45,300 Required: a. Calculate the flexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for April expressed in terms of direct labor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the over- or underapplied fixed overhead for April. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Calculate the predetermined overhead application rate for both variable and fixed overhead for April. (Round your answers to 2 decimal places.) Variable Fixed Predetermined overhead application rate per hour Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Inc. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The original budget is based on budgeted production of 17,700 units in 5,900 standard direct labor hours. Actual production of 18,900 units required 6,700 actual direct labor hours. Variable overhead Fixed overhead Original Budget $19,470 43,070 Actual Costs $22,070 45,300 Required: a. Calculate the flexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for April expressed in terms of direct labor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the over- or underapplied fixed overhead for April. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F Calculate the fixed and variable overhead applied to production during April if overhead is applied on the basis of standard hours allowed for actual production achieved. (Do not round intermediate calculations.) Variable Fixed Overhead applied Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Inc. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The original budget is based on budgeted production of 17,700 units in 5,900 standard direct labor hours. Actual production of 18,900 units required 6,700 actual direct labor hours. Variable overhead Fixed overhead Original Budget $19,470 43,070 Actual Costs $22,070 45,300 Required: a. Calculate the flexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for April expressed in terms of direct labor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the over- or underapplied fixed overhead for April. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Calculate the fixed overhead budget and volume variances for April. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Fixed overhead budget variance Fixed overhead volume variance Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Inc. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The original budget is based on budgeted production of 17,700 units in 5,900 standard direct labor hours. Actual production of 18,900 units required 6,700 actual direct labor hours. Variable overhead Fixed overhead Original Budget $19,470 43,070 Actual Costs $22,070 45,300 Required: a. Calculate the flexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for April expressed in terms of direct labor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the over- or underapplied fixed overhead for April. Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Required E Required F Calculate the over- or underapplied fixed overhead for April. (Do not round intermediate calculations.) fixed overhead
