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Question 1: In the following embedded Excel file you will find budget and actual production information provided by Bart Trading. Using this information you are

Question 1:

In the following embedded Excel file you will find budget and actual production information provided by Bart Trading.

Using this information you are required to:

(a)Calculate the predetermined budgeted factory overhead rate for the year based

on Direct Labour Hours

(b)Calculate the amount of factory overhead applied in the year,

(c)Calculate the under or over-applied overhead for the year,

(d)Calculate both the spending and capacity variances, and

(e)Explain possible causes of the spending and capacity variances.

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