QUESTION 7 Problem 2. XX company allocates fixed manufacturing overhoed using budged to You Actual fixed manufacturing overhead = $1,000,000 Flexible budood variance of fixed manufacturing ovetead? Foxed manufacturing overhead flexible budget $1,400,000 Fixed manufacturing overhead allocated? Fixed manufacturing overhoed production volume variance = $100,000 twvorable Fixed manufacturing overhead budgeted direct labor hours allowed tor actual outputs 16.00 ton Required: The Fixed manufacturing overhead budgeted rate is $. per direct labor hour