QUESTION 24 Wading Corporating the landard motor Foto Budget Variable overhead coats $11.180 20.250 37,440 $11,630 27. TO 39,800 TVO Fixed overhead costs: Supervision Utilities Factory depreciation Total Focosts Total overhead cost 19,700 5,500 6.900 32.500 $69.940 19,340 5.770 7.210 32.320 $72.120 The company actually worked 3,900 machine-hours and produced 778 output units during the month. The standard hours per unit are 5 machine-hours for the monit (hint if needed, round rates to 2 decimal places. For example 1.035, will be rounded to 1,04: while 1.034 will be rounded to 1.03) The fixed overhead static budget variance for the month was: $180 favorable $3,234 favorable $2,626.7 favorable $2,897 unfavorable QUESTION 24 Wadding Corporation applies manufacturing overhead to products on the basis of standard machine hours. For the most recent month, the company based its budget on 3,600 machine-hours, Budgeted and actual overhead costs for the month appear below. Static Actual Budget Costs Variable overhead costs: Supplies $11,160 $11.830 Indirect labor 26.280 27.970 Total VO costs 37,440 39,800 Fixed overhead costs: Supervision 19,700 19,340 Utilities 5,900 5,770 Factory depreciation 6.900 7.210 Total FO costs 32.500 32.320 Total overhead cost $69.940 $72.120 St. 27. 39,800 37.00 Fixed overhead costs Factory depreciation Total costs Total overhead cost 19,700 5.900 0.900 32.500 $69.940 19,340 5.770 7.210 32.320 $72.120 The company actually worked 3,900 machine-hours and produced 778 output units during the month. The standard hours per unit are 5 machine-hours for the month (hint: if needed, round rates to 2 decimal places. For example 1.035, will be rounded to 1.04; while 1.034 will be rounded to 1.03) The fixed overhead static budget variance for the month was: $180 favorable $3,234 favorable $2,626.7 favorable $2,897 unfavorable