The loan department of Calgary Bank uses standard costs to determine the overhead cost of processing loan applications. During the current month, a fire occurred, and the accounting records for the department were mostly destroyed. The following data were salvaged from the ashes.

Standard variable overhead rate per hour		$9
Standard hours per application		2
Standard hours allowed		2,000
Standard fixed overhead rate per hour		$6
Actual fixed overhead cost		$12,600
Variable overhead budget based on standard hours allowed		$18,000
Fixed overhead budget		$12,600
Overhead controllable variance		$1,200	U

(a) Determine the following.

(1)		Total actual overhead cost		$
(2)		Actual variable overhead cost		$
(3)		Variable overhead costs applied		$
(4)		Fixed overhead costs applied		$
(5)		Overhead volume variance		$		UnfavorableFavorable

(b) Determine how many loans were processed.

Number of loans processed

loans