The predetermined overhead rate is based on a planned operating volume of 80% of the productlve capacity of 68,000 units per quarter. The following flexible budget Information is avallable. Durling the current quarter, the company operated at 90% of capacity and produced 61,200 units of product; actual direct labor totaled 238,800 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. equired: Compute the direct materlals cost varlance, Including its price and quantity varlances. Compute the direct labor cost varlance, Including its rate and efficlency varlances. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. The predetermined overhead rate is based on a planned operating volume of 80% of the productlve capacity of 68,000 units per quarter. The following flexible budget information is avallable. Durling the current quarter, the compary operated at 90% of capacity and produced 61,200 units of product; actual direct labor totaled 238,800 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. Required: 1. Compute the direct materials cost varlance, Including its price and quantity variances. 2 Compute the direct labor cost varlance, Including its rate and efficlency varlances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. The predetermined overhead rate is based on a planned operating volume of 80% of the productlve capacity of 68,000 units per quarter. The following flexible budget Information is avallable. Durling the current quarter, the company operated at 90% of capacity and produced 61,200 units of product; actual direct labor totaled 238,800 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. Required: 1. Compute the direct materlals cost varlance, Including its price and quantity varlances. 2 Compute the direct labor cost varlance, Including its rate and efficlency varlances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. Compute the controllable variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) The predetermined overhead rate is based on a planned operating volume of 80% of the productlve capacity of 68,000 units per quarter. The following flexible budget information is avallable. During the current quarter, the company operated at 90% of capacity and produced 61,200 units of product; actual direct. labor totaled 238,800 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. Required: 1. Compute the direct materlals cost varlance, Including its price and quantity varlances. 2 Compute the direct labor cost varlance, Including its rate and efficlency varlances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. Compute the volume variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)
