Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The information shown below was taken from the annual manufacturing overhead cost budget of Samantha Company. LU Variable manufacturing overhead costs Fixed manufacturing overhead costs
The information shown below was taken from the annual manufacturing overhead cost budget of Samantha Company. LU Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labor hours Normal production level in units Standard labor hours per unit $46,620 $14,652 13,320 4,440 CES 3 During the year, 4,310 units were produced, 14,700 hours were worked, and the actual manufacturing overhead was $62,078. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours "(a) Your answer is correct Compute the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal placess, e.g. 1.25.) Item Rate Variable overhead d3.50 Fixed overhead sh.10 dy Total overhead s4.60 Attempts: 2 of 2 used (b) Compute the total, controllable, and volume overhead variances Total overhead variance Overhead controllable variance Overhead volume variance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started