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Snow White Corporation manufactures inflatable lawn decorations for holiday decorating. Both variable and fixed manufacturing overhead are allocated using budgeted assembly hours. Budgeted assembly time

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Snow White Corporation manufactures inflatable lawn decorations for holiday decorating. Both variable and fixed manufacturing overhead are allocated using budgeted assembly hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead in November 2021. Actual results Static budget Number of inflatable decorations assembled & sold 220 150 Hours of assemble time 396 ? Variable manufacturing overhead cost per hour of ? 28 assembly time Variable manufacturing overhead costs $11,183 ? Fixed manufacturing overhead costs $15,540 $14,100 Required: 1. Prepare an analysis of all variable manufacturing overhead variances & fixed manufacturing overhead variances using the columns provided below. Variable Manufacturing Overhead Actual costs incurred Actual input * budgeted rate Flexible budget: Allocated: budgeted input Budgeted input allowed allowed for actual for actual output * output * budgeted rate budgeted rate Fixed Manufacturing Overhead Actual costs incurred Same budgeted lump sum regardless of output level Flexible budget Allocated: Budgeted input allowed for actual output * budgeted rate

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