requirement 3 dropdown choices:
1. favorable or unfavorable
2. favorable or unfavorable
3. decreases or increases
......
4. fixed or variable
5. fixed or variable
6. favorable or unfavorable
7. fixed or variable
Family Meals Now (FMN) operates a meal homo delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who place orders on FMN's website. FMN allocate variable and food overhead costs on the basis of delivery time. FMN's owner, Jason Bennett, obtains the following information for May 2017 overhead costs: (Click the icon to view the information) Read the requirements Requirement 1. Computo spending and efficiency variances for FMN's variable overhead in May 2017 Begikby calculating the following amounts for the variable overhead (Round your answer to the nearest dollar.) Actual Input Actual costs Flexible incurred budgeted rate budget Variable OH Now compute the spending and efficiency variances using the amounts you calculated above. ( no variance exists love the dolar value blank Label the variance as favorable (F), unfavorable (U) or never a variance (N) Spending Efficiency Variance Variance Variable OH Requirement 2. Compute the spending variance and production volume variance for FN's found overhead in May 2017 Choose from any ist or enter any number in the input fields and then continue to the next question Save for Later ner, Jason Bennett, obtains the following information for May 2017 overhead costs: i Data Table iances for able over tual input X egeted rate Actual Static Family Meals Now (May 2017) Results Budget Output units (number of deliveries) 8,300 10,200 Hours per delivery 0.70 Hours of delivery time 5,650 Variable overhead cost per hour of delivery time $ 1.25 Variable overhead costs $ 10,170 Fixed overhead costs $ 38,700 $ 35,700 using the ar e variand Efficien Variang Print Done d production-volume variance Tor FMN'S TIXed overnead in May 2017 Hunthaal. Inand inntified than and (Click the icon to view the information.) Read the requirements Requirement 2. Compute the spending variance and production-volume variance for FMN's fixed overhead in May 2017 Begin by determining the formula then computing the fixed OH cost per hour of delivery time. (Round your answer to the nearest dollar.) Fixed OH cost per hour of delivery time Now calculate the following amounts for the fixed overhead. Same budgeted lump sum Actual costs regardless of incurred output level Fixed OH Allocated overhead Now compute the spending variance and production-volume variances using the amounts you calculated above. (If no variance exists leave the dollar value blan or never a variance (N).) Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later MacBook Pro Question Help Family Meals Now (FMN) operates a meal home-dellivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who place orders on FMN's website. Folocales variable and fixed overhead costs on the basis of delivery time. FMN's owner, Jason Bennett, obtain the following information for May 2017 overhead costs Click the icon to view the information) Read the requirements Incurred output level overhead Fored OH Now compute the spending variance and production volume variances using the amounts you calculated above. Ofrovarlo es love the dollar value blank Label the variance as favorable (F), unvorable (U) or never a variano (N) Spending Production Volume Variance Variance Food OH Requirement. Corrment ons overhead variances and suggest how Jason Dervelt might manage FMN's variatie overhead differently from is foed overhead costs The variable overhead spending variance is and the feed overhead ending variance This means that FMN had over budget in other or both the cost of individualioms in the overhead cost pools, or the usage of these individuales per unit of the location base delivery time) (Round your answer to two decimal places, "XX") officiency for overhead costs results from use of the colocation Choose from any or enter any number in the routes and then continue to the next question Save for Question Help 0 Family Meals Now (FMN) operates a meal home-delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who place orders on FMN's website FMN allocates variable and fed overhead costs on the basis of delivery time. FNs owner, Jason Bennett, obtains the following information for May 2017 overhead costs Click the loon to view the information.) Read the moviments Spending Variance Production-Volume Variance Fred OH Requirement 3. Comment on FMN's overhead variances and suggest how Jason Bennett might manage FMNs variable overhead differently from its found overhead costs The variable overhead spending variance is and the fixed overhead spending variance is This means that FMN had over budget in other or both the cost of individual items in the overhead cost pools, or the usage of these individualiems per unit of the allocation base delivery time) (Round your answer to two decimal places, "X) The efficiency variance for variable overhead costs results from use of the cost allocation basech delivery takes hours versus a budgeted 0.70 hours. FMN can best manages overhead costs by long-term ploring of capacity rather than day-to-day decisions. For overhead, a mix of long-run planning and daily monitoring of the use of individual tome is required to manage costs oficiently The production-volume variance for overhead costs arises because FUN has urused overhead resources that may seek to reduce in the long run Choose from any list or enter any number in the input fields and then continue to the next question Save for later
