this question is a bit lemgtny yhank you for your time
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 $8 Standard hours per application Standard hours allowed Standard fixed overhead rate per hour $7 Actual fixed overhead cost $28,490 Variable overhead budget based on standard hours allowed $31,040 Fixed overhead budget $28.490 Overhead controllable variance $1,400 2 3,880 U Determine the following (1) Total actual overhead cost (2) 13) Actual variable overhead cost Variable overhead costs applied Fixed overhead costs applied $ $ (5) Overhead volume variance $ [b] Determine how many loans were processed. Number of loans processed loans The information shown below was taken from the annual manufacturing overhead cost budget of Connick Company. Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labor hours Normal production level in units Standard labor hours per unit $54,000 $30,000 20,000 5,000 4 During the year, 4.900 units were produced, 19,900 hours were worked, and the actual manufacturing overhead was $84.020. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours. Compute the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, eg 1.25.) Item Rate Variable overhead $ Fixed overhead Total overhead $ Compute the total, controllable, and volume overhead variances. $ Total overhead variance Overhead controllable variance Overhead volume variance $ $ $ $ $