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Selected information relating to Yost Company's operations for the most recent year is given below: The company applies overhead cost to products on the basis
Selected information relating to Yost Company's operations for the most recent year is given below: The company applies overhead cost to products on the basis of standard machine-hours. Required: 1. What were the standard machine-hours allowed for the actual number of units produced? 2. What was the total budgeted fixed overhead cost for the period? 3. What was the fixed portion of the predetermined overhead rate? (Round "Predetermined overhead rate" to 2 decimal places.) 4. What was the fixed overhead volume variance? (Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input the amount as positive value. Do not round intermediate calculations.)
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