Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Incorporated. Piccolo's managers relate overheod to direct labor hours for planning. control, and product costing purposes. The original budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units required 5,800 actual. direct labor hours. Required: a. Calcutate the fiexed budpet allowances for variable and fixed overhead for April. b. Colculate the direct labor efficlency variance for April expressed in terms of direct lebor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for Aprit. d. Calculate the fixed and variable overhead applied to production during Appit if overhead is applied on the basis of standard hours allowed for actual production ochieved. e. Calculate the fixed overhead budget and volume variances for Aprit. f. Calculate the overapplied or underapplied fixed overhead for Aprit. Complete this question by entering your answers in the tabs below. Calculate the flexed budget aliowances for variable and fixed overhesd for Apni. Notel Do not round intermediate calculations. Problem 15-26 (Algo) Variable and fixed overhead variances - various issues LO 15-5, 156 Prosented here are the original overhead budget and the actual costs incurred during April for Piccolo incorporated. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The otiginal budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units fequired 5,800 actual direct labor hours. Required: a. Calculate the flexed budget allowances for variable and foved owerhead 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 fored overhead for Aprit. d. Calculote the faxed and variable overhead applied to production during April if overhesd is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for Aprit. f. Calculate the overapplied or underapplied fored overhead for April. Complete this question by entering your answers in the tabs below. Calculate the direct labor efficency vartance for April expressed in tems of direct labor houn. zero variance). Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurted during April for Piccolo Incorporated. Piccolo's manogers relate overhead to direct labor hours for planning, control and product costing purposes. The original budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units required 5,800 actual direct lebor hours. Required: a. Calculate the flexed budget aliowances for variable and fixed overthead for April. b. Calculate the direct labor efficiency variance for April experessed 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 varinble overthead appled to production during April if overhead is applied on the basis of standard hours allowed for actual proctuction achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the overapplied or underapplied fixed owerhead for April. Complete this question by entering your answers in the tabs below. Calculate the predetermined overtiesd application rate for both variable and foved overhead for April. Note: Round your answers to 2 decimal places. Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo incorporated. Piccolo's managers relate overhead to direct labor hours for planning, control and protuct costing purposes. The original budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units required 5,800 actual direct labor hours. Required: a. Calculate the fiexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for Apnil expressed in terms of direct labor hours. c. Calculate the predetermined overtead application rate for both variable and fixed overthead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the bosis of standard hours allowed for actual production achieved. e. Calculate the flued overhead budget and volume variances for April. i. Calculate the overapplied or underapplied fired overhead for Apri. Complete this question by entering your answers in the tabs below. Calculate the fixed and variable overhead applied to production during Aprit i overhead is applied on the basis of standard hours alloned for actual production achieved. Note: Do not round intermediate calculations. Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Incorporated. Piccolo's manogers telate overhead to direct laboc hours for planning, control, and product costing purposes. The original budgot is based on budgeted production of 10,000 units in 5,000 standsed direct labor hours. Actual production of 10,800 units required 5.800 actual direct tabor hours. Required: a. Calculate the flened budget aliowances for variable and fixed overhesd for Aprit. b. Calculate the direct labor efficlency variance for Apal expressed in terms of drect labor hours. c. Calculate the predetermined overhead application rate for both variable and fxed overhead for April. d. Calculate the fised and variable overhead appled to peoduction during April it overtsead is opplied on the basis of standard hours allowed for actual production actieved. e. Calculate the fored overhead budpet and volume variaoces for Aprit. t. Calculate the overappled or underapplied fived overhead for April. Complete this question by entering your answers in the tabs below. Calculate the fixed everhead budget and volume variances for Aorl. Note: Do not round intermediate calculations. Indicate the effect of each vartance by selecting "Y" for favorable, "Ur for unfaverable, and "None" for no effect (l.e, rero varianes). Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo incorporated. Piccolo's managers relate overhesd to direct isbor hours for planning, control and product costing purposes. The original budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units required 5,800 actual direct isbot hours. Required: a. Calculate the flexed budget allowances for variable and fixed overhesd for Apri. 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 varisble and fixed overthead for April. d. Calculate the fixed and variable overhead appled to production during April if overthesd is opplied on the bass of standard hours alowed for actual production achirvest -. Calculate the fixed overhead budget and volume variances for Aprit. t. Calculate the overappled or underapplied fixed overhead for Aprit. Complete this question by entering vour answers in the tabs below. Calculate the everappled or underapplied foud overthesd for April. Notes Do not round instermediate calculations. Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Incorporated. Piccolo's managers relate overheod to direct labor hours for planning. control, and product costing purposes. The original budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units required 5,800 actual. direct labor hours. Required: a. Calcutate the fiexed budpet allowances for variable and fixed overhead for April. b. Colculate the direct labor efficlency variance for April expressed in terms of direct lebor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for Aprit. d. Calculate the fixed and variable overhead applied to production during Appit if overhead is applied on the basis of standard hours allowed for actual production ochieved. e. Calculate the fixed overhead budget and volume variances for Aprit. f. Calculate the overapplied or underapplied fixed overhead for Aprit. Complete this question by entering your answers in the tabs below. Calculate the flexed budget aliowances for variable and fixed overhesd for Apni. Notel Do not round intermediate calculations. Problem 15-26 (Algo) Variable and fixed overhead variances - various issues LO 15-5, 156 Prosented here are the original overhead budget and the actual costs incurred during April for Piccolo incorporated. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The otiginal budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units fequired 5,800 actual direct labor hours. Required: a. Calculate the flexed budget allowances for variable and foved owerhead 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 fored overhead for Aprit. d. Calculote the faxed and variable overhead applied to production during April if overhesd is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for Aprit. f. Calculate the overapplied or underapplied fored overhead for April. Complete this question by entering your answers in the tabs below. Calculate the direct labor efficency vartance for April expressed in tems of direct labor houn. zero variance). Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurted during April for Piccolo Incorporated. Piccolo's manogers relate overhead to direct labor hours for planning, control and product costing purposes. The original budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units required 5,800 actual direct lebor hours. Required: a. Calculate the flexed budget aliowances for variable and fixed overthead for April. b. Calculate the direct labor efficiency variance for April experessed 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 varinble overthead appled to production during April if overhead is applied on the basis of standard hours allowed for actual proctuction achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the overapplied or underapplied fixed owerhead for April. Complete this question by entering your answers in the tabs below. Calculate the predetermined overtiesd application rate for both variable and foved overhead for April. Note: Round your answers to 2 decimal places. Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo incorporated. Piccolo's managers relate overhead to direct labor hours for planning, control and protuct costing purposes. The original budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units required 5,800 actual direct labor hours. Required: a. Calculate the fiexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for Apnil expressed in terms of direct labor hours. c. Calculate the predetermined overtead application rate for both variable and fixed overthead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the bosis of standard hours allowed for actual production achieved. e. Calculate the flued overhead budget and volume variances for April. i. Calculate the overapplied or underapplied fired overhead for Apri. Complete this question by entering your answers in the tabs below. Calculate the fixed and variable overhead applied to production during Aprit i overhead is applied on the basis of standard hours alloned for actual production achieved. Note: Do not round intermediate calculations. Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Incorporated. Piccolo's manogers telate overhead to direct laboc hours for planning, control, and product costing purposes. The original budgot is based on budgeted production of 10,000 units in 5,000 standsed direct labor hours. Actual production of 10,800 units required 5.800 actual direct tabor hours. Required: a. Calculate the flened budget aliowances for variable and fixed overhesd for Aprit. b. Calculate the direct labor efficlency variance for Apal expressed in terms of drect labor hours. c. Calculate the predetermined overhead application rate for both variable and fxed overhead for April. d. Calculate the fised and variable overhead appled to peoduction during April it overtsead is opplied on the basis of standard hours allowed for actual production actieved. e. Calculate the fored overhead budpet and volume variaoces for Aprit. t. Calculate the overappled or underapplied fived overhead for April. Complete this question by entering your answers in the tabs below. Calculate the fixed everhead budget and volume variances for Aorl. Note: Do not round intermediate calculations. Indicate the effect of each vartance by selecting "Y" for favorable, "Ur for unfaverable, and "None" for no effect (l.e, rero varianes). Problem 15-26 (Algo) Variable and fixed overhead variances-various issues LO 15-5, 156 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo incorporated. Piccolo's managers relate overhesd to direct isbor hours for planning, control and product costing purposes. The original budget is based on budgeted production of 10,000 units in 5,000 standard direct labor hours. Actual production of 10,800 units required 5,800 actual direct isbot hours. Required: a. Calculate the flexed budget allowances for variable and fixed overhesd for Apri. 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 varisble and fixed overthead for April. d. Calculate the fixed and variable overhead appled to production during April if overthesd is opplied on the bass of standard hours alowed for actual production achirvest -. Calculate the fixed overhead budget and volume variances for Aprit. t. Calculate the overappled or underapplied fixed overhead for Aprit. Complete this question by entering vour answers in the tabs below. Calculate the everappled or underapplied foud overthesd for April. Notes Do not round instermediate calculations