Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Sedona Company set the following standard costs for one unit of its product for this year. The $3.60($2.50+$110) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 39,000 units, which is 65% of the factory's capacity of 60,000 units per month. The following monthly flexible budget information During the current month, the company operated at 60% of capacity, direct labor of 690,000 hours were used, and the following actual overhead costs were incurred. Exercise 23-27A (Algo) Computing total variable and fixed overhead variances LO P5 . Compute the total variable overhead variance and identify it as favorable or unfavarable. (Indicate the effect of the variance by Selecting favorable, unfavorable, or no variance.) 2. Compute the total fixed overhesd variance and identify it as favorable or unfavorable (indicate the effect of the variance by Selecting favorable, unfavorable, or no variance. Required information Use the following information for the Exercises below. (Algo) [The following information applles to the questions displayed below.] Sedona Company set the following standard costs for one unit of its product for this year The $3.60($2.50+$110) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 39.000 units, which is 65% of the factory's capacity of 60.000 units per month. The following monthly flexible budget information is available. During the current month, the company operated at 60% of capacity, direct labor of 690,000 hours were used, and the following actual ovethead costs were incurred. Exercise 23-28A (Algo) Detailed overhead variances LO P5 AH= Actual Hours SH = Standard Hours AVR = Actual Variable Rate SVR = Standard Variable Rate Exercise 23-28A (Algo) Detalled overhead variances LO PS AH - Actual Hours SH = Siandard Houris AvR - Actual Variable Rate SVR = Standard Variable Rote 1. Compute the variable overhead spending and emziancy variancos. 2. Compute the fixed overhead spencing and volume variances. 3. Compute the controlable variance, Complete this question by entering your anawera in the tabs below. Exercise 23-28A (Algo) Detalled overhead variances LO P5 AH= Actual Hours SH = Standard Hours AVR = Actual Variable Rate SVR = Standard Varisble Rase 1. Compute the variable overtiesd spending and efficency variances. 2. Compute the fixed overhesd rrending and volume variances. 3. Compute the controlable variance. Cempletn thin question by entering yewr anmwers in the tabs below. AM= Actual Hours SH = Standard Hours AVR = Actual Variabie Rate SVR = Standard Variable Rate 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fixed overhead spending and volume variances. 3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. Compute the controllable variance. (Ind cate the wfect of each variance by selecting favorable, unfavorable, or no variance.)
