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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

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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 22,800 units in 5,700 standard direct labor hours. Actual production of 24,400 units required 6,900 actual direct labor hours. Original Budget Actual Costs Variable overhead $34,200 $36,800 Fixed overhead 40,470 42,500 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 Required A Required B

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