Question 19 In October, Novak Company reports 19,200 actual direct labor hours, and it incurs $126,000 of manufacturing overhead costs. Standard hours allowed for the work done is 21,000 hours. The predetermined overhead rate is $5.75 per direct labor hour. Compute the total overhead variance. Total Overhead Variances Question 20 The Crane operates as a profit center. It reports the following for the year ending December 31, 2020. Sales Variable costs Controllable fixed costs Noncontrollable fixed costs Budgeted $2,086,700 800,600 547,500 258,900 Actual $1,941,300 741,800 547,500 258,900 Prepare a responsibility report for the Crane at December 31, 2020. CRANE Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Question 21 Sheridan Company expects to produce 1,281,600 units of Product XX in 2020. Monthly production is expected to range from 82,000 to 114,000 units. Budgeted variable manufacturing costs per unit are direct materials $4, direct labor $7, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision are $3. Prepare a flexible manufacturing budget for the relevant range value using 16,000 unit increments. (List variable costs before fixed costs.) SHERIDAN COMPANY Monthly flexible Manufacturing Budget For the Year 2020