Sedona company set the following standard costs for one unit of its product for this year as seen in the picture During the current month, the company operated at 65% of capacity, employees worked 365,000 hours, and the following actual overhead costs were incurred Variable overhead costs $1,816,000Fixed overhead costs 899,050Total overhead costs 2,715,050There's a blue chart with fill in the blanks asking for 1. The predetermined overhead application rate per hour for total overhead, variable overhead, and fixed overhead. 2. Total variable and total fixed overhead variances and classify each as favorable or non. Rate per hour up 2 decimal places

Chapter 8 Homework i Saved Help Save & Exit Submit Check my work 8 Direct material (15 Ibs. @ $3.40 per Ib. ) $ 51.00 Direct labor (10 hrs. @ $9.70 per hr. ) 97.00 Variable overhead (10 hrs. @ $4.90 per hr. ) 49.06 Fixed overhead (10 hrs. @ $2.00 per hr. ) 20.00 Total standard cost $217.00 Part 1 of 2 The $6.90 ($4.90 + $2.00) total overhead rate per direct labor hour is based on an expected operating level equal to 3 70% of the factory's capacity of 59,000 units per month. The following monthly flexible budget information is also points available. Skipped Operating Levels (% of capacity) Flexible Budget 65% 70% 75% Budgeted output (units) 38, 350 41, 300 44, 250 Budgeted labor (standard hours) 383, 500 413, 000 442, 500 eBook Budgeted overhead (dollars) Variable overhead $1, 879, 150 $2, 023, 700 $2, 168, 250 Hint Fixed overhead 826,090 826,000 826,000 Total overhead $2,705, 150 $2, 849, 700 $2,994, 250 Print During the current month, the company operated at 65% of capacity, employees worked 365,000 hours, and the following actual overhead costs were incurred. Mc Graw 8 of 17 Hill