Production-volume variance s 750.000 F Requirement 3. What is the amount of the under or overallocated variable manufacturing overhead and the under-or over allocated fixed manufacturing overhead? Why are the flexible budget variance and the under or overallocated overhead amount always the same for variable manufacturing overhead but rarely the same for fixed manufacturing overhead? The variable manufacturing overhead is by The fixed manufacturing overhead is by Gleaming, Inc. is a manufacturer of vacuums and uses standard costing Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2020, budgeted foxed manufacturing averhead cost was $15,000,000. Budgeted variable manufacturing overhead was $12 per machine hour. The denominator level was 1,000,000 machine-hours man bral anca is the dget erhe 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Gleaming Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of (a) planning and control and (b) inventory costing 2. Suppose that 1.050.000 machine-hours were allowed for actual output produced in 2020, but 1.125.000 actual machine-hours were used. Actual manufacturing overhead was $14,062,500 variable, and $14.900.000, fixed. Compute (a) the variable manufacturing overhead spending and efficiency variances and (b) the fixed manufacturing overhead spending and production-volume variances. 3. What is the amount of the under-or overallocated variable manufacturing overhead and the under- or overallocated fixed manufacturing overhead? Why are the flexible-budget variance and the under-or overallocated overhead amount always the same for variable manufacturing overhead but rarely the same for fixed manufacturing overhead? 4. Suppose the denominator level was 750.000 rather than 1,000,000 machine-hours. What variances in requirement 2 would be affected? Recompute them nanur d but uring ngo ou en