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The following information pertains to shipping costs for the year. (Click the icon to view the information.) Requirement 1. What is the static-budget number of
The following information pertains to shipping costs for the year. (Click the icon to view the information.) Requirement 1. What is the static-budget number of crates for the year? Information Determine the formula to calculate the amount. Then, enter the amounts in the formula to calculate the static-budget number of crates. 1=Static-budgetnumberofcrates crates Requirement 2. What is the flexible-budget number of crates for the year? Determine the formula to calculate the amount. Then, enter the amounts in the formula to calculate the flexible-budget number of crates. =Flexible-budgetnumberofcrates=crates Requirement 3 . What is the actual number of crates shipped during the year? Determine the formula to calculate the amount. Then, enter the amounts in the formula to calculate the actual number of crates. 11==crates Requirement 4. Assuming fixed overhead is allocated using crate-packing hours, what is the predetermined fixed overhead allocation rate? 1= ] per hour Requirement 5. For variable overhead costs, calculate the rate and efficiency variances. Begin by calculating the following amounts: (Round your answers to the nearest whole dollar.) Calculate the rate and efficiency variances. Label each variance as favourable (F) or unfavourable (U). (If the efficiency variance is zero, enter "0" and then select "F".) Rate variance: Efficiency variance: Requirement 6. For fixed overhead costs, calculate the rate and the production-volume variances. Begin by calculating the following amounts: (Round your answers to the nearest whole dollar.) Calculate the rate and production-volume variances. Label each variance as favourable (F) or unfavourable (U). Rate variance: Production-volume variance
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