Earthern Viere is a manufacturer of ceramic bodies Last month, Earthern Ware reported the following actual results for the production of 72 000 hotties: Direct matar Requirement 1. Compute the total manufacturing overhead variance. What does the ball Management? Identity the forma labels and compute the total mariacturing overhead variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Direct labour. 1.4 kg per bottle at a cost of 50 80 per kg 114 hour per boite, at a coelof $13.50 per hour $104,600 $29,200 $ Actual variable overhead Total Overhead varance Actual fucd overhead Total averticed variance Print Done What does the local manufacturing overhead varierce tell management? This variance tels managers that Larham Ware manufacturing overtiesd by Data table Requirement 2. Compute the overhead Hexible budget varlance. What does nis toll management? Identify the forma labels and compute the overhead flexible buget variance. Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U). Owarhead axble budget varianca: Ovuld exible budget varande What does the overhead Nexbe buxgal varianca fall management? The company has these standarte Direct materials (day) 12 kg per bottle al cost of $0.44 per kg Direct labour... 115 hour per bottle at a cost of $14.20 per hour Static budget varable overhead $70.200 Stalic budget flowhead $29 120 Static budget direct labour hours......... 10.00 hours Static budget number of bottles........... 49,000 Earthern Viere allocate manufacturing overhead to praduction based on standard Cirect latour hours This verince tels managers that Earthem Ware actually curred S for manufacturing overtread than they would have expected for the actual volume produced curing the year . Requirement 3. Compute the production valume vantance. What does this tell management? Identify the formula labels and compute the production volume variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U). Production valume vanance: Print Done Production volume var ance What does the production valuma variance tel management? This variare sols managers that of the total owerhead varaseance because Earhem Ware produced tal v . bones than originaly expected. It is because Earthern Ware used its plant capacity originally anticipated Earthern Viere is a manufacturer of ceramic bodies Last month, Earthern Ware reported the following actual results for the production of 72 000 hotties: Direct matar Requirement 1. Compute the total manufacturing overhead variance. What does the ball Management? Identity the forma labels and compute the total mariacturing overhead variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Direct labour. 1.4 kg per bottle at a cost of 50 80 per kg 114 hour per boite, at a coelof $13.50 per hour $104,600 $29,200 $ Actual variable overhead Total Overhead varance Actual fucd overhead Total averticed variance Print Done What does the local manufacturing overhead varierce tell management? This variance tels managers that Larham Ware manufacturing overtiesd by Data table Requirement 2. Compute the overhead Hexible budget varlance. What does nis toll management? Identify the forma labels and compute the overhead flexible buget variance. Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U). Owarhead axble budget varianca: Ovuld exible budget varande What does the overhead Nexbe buxgal varianca fall management? The company has these standarte Direct materials (day) 12 kg per bottle al cost of $0.44 per kg Direct labour... 115 hour per bottle at a cost of $14.20 per hour Static budget varable overhead $70.200 Stalic budget flowhead $29 120 Static budget direct labour hours......... 10.00 hours Static budget number of bottles........... 49,000 Earthern Viere allocate manufacturing overhead to praduction based on standard Cirect latour hours This verince tels managers that Earthem Ware actually curred S for manufacturing overtread than they would have expected for the actual volume produced curing the year . Requirement 3. Compute the production valume vantance. What does this tell management? Identify the formula labels and compute the production volume variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U). Production valume vanance: Print Done Production volume var ance What does the production valuma variance tel management? This variare sols managers that of the total owerhead varaseance because Earhem Ware produced tal v . bones than originaly expected. It is because Earthern Ware used its plant capacity originally anticipated