SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 4) The managerial accountant at Sailboat World compiles a monthly averhead variance 4) report. T per unit. The budgeted fixed overhead cost was $95,000 whereas actual fixed overhea he company produced 30,584 sailboats in the past month at 0.28 machine hours cost was s96,400. Calculate the standard fixed overhead cost allocated to production at $11 per machine-hour. Compute the fixed overhead volume variance and the fixed overhead budget variance. 5) 5) The managerial accountant at Red Ribbon Distribution Company prepared a report in the previous quarter and reported 4,200 actual machine hours were used. The actual rate per machine hour was $32.75 while the standard rate was $28.50. The standard hours allowed was calculated at 4,000. Compute the variable manufacturing overhead (MOH) rate variance to determine the accuracy of the forecasted MOH and, the variable MOH efficiency variance, to determine whether the volume of output was consistent with the number of machine hours used