Question Completion Status: QUESTION 8 The following data pertains to the month of October for ElmCo. when production was budgeted to be 5,000 units of P90. Fixed manufacturing overhead traceable to the production of P90 is budgeted to be $15,000 for the month and is assigned on the basis of the number of units manufactured using a pre-determined rate. Actual production of P90 for October was 4.600 units and actual Fixed manufacturing overhead costs were $14,650. Determine the fixed overhead spending variance. (Negative numbers indicate a favorable variance.) QUESTION 9 Krier Industries has just completed its sales forecasts and its marketing department estimates that the company will sell 48,000 units during the upcoming year. In the past, management has maintained inventories of finished goods at approximately three months' sales. However, the estimated inventory at the start of the budget period is only expected to be 6,000 units. Sales occur evenly throughout the year. What is the estimated production level (units) for the first month of the upcoming budget year? QUESTION 10 The following data pertains to the month of October for ElmCo. when production was budgeted to be 5.000 units of P90. P90 has standard costs per unit of: 3 lbs. of Direct Materials at a cost of $7.00 per Ib. 0.20 hours of Direct Labor at $18.00 per hour and Variable Overhead assigned on the basis of 0.05 machine hours at a rate of $50 per machine hour. Actual production of P90 for October was 4,600 units. In October the production of P90 totaled 4,600 units, using 828 direct labor hours costing a total of $15,732. Determine the direct labor efficiency variance. (Negative numbers indicate a favorable variance.) Click Save and Submut to save and submit. Click Save All Armers to see all answers o e @ E 9 N