The information shown below was taken from the annual manufacturing overhead cost budget of Concord Company.

Variable manufacturing overhead costs		$36,960
Fixed manufacturing overhead costs		$20,328
Normal production level in labor hours		18,480
Normal production level in units		4,580
Standard labor hours per unit		4

During the year, 4,520 units were produced, 18,000 hours were worked, and the actual manufacturing overhead was $62,160. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours.

(a)

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Your answer is correct.

Compute the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 1.25.)

Item		Rate
Variable overhead		$enter Variable overhead rate in dollars rounded to 2 decimal places
Fixed overhead		enter Fixed overhead rate in dollars rounded to 2 decimal places
Total overhead		$enter Total overhead rate in dollars rounded to 2 decimal places

Attempts: 1 of 2 used

(b)

Compute the total, controllable, and volume overhead variances.

Total overhead variance		$enter Total overhead variance in dollars		select an option Neither favorable nor unfavorableFavorableUnfavorable
Overhead controllable variance		$enter Overhead controllable variance in dollars		select an option Neither favorable nor unfavorableFavorableUnfavorable
Overhead volume variance		$enter Overhead volume variance in dollars