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James Corp, applies overhead on the basis of direct labor hours. For the month of May, the company planned production of 10,000 units (80% of

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James Corp, applies overhead on the basis of direct labor hours. For the month of May, the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following overhead budget Operating Levels BON 10,000 26,000 Overhead Budget Production in unita Standard direct labor hours Budgeted overhead Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable costs Tixed overhead conta Best of factory building Depreciation-achinery Supervisory salaries Total fixed costs Total overhead coats $ 15,600 26.000 7,800 2.600 52.000 22.000 10,700 21.900 54,600 5106.600 During May, the company operated at 90% capacity (11,250 units) and incurred the following actual overhead costs: overhead contactual) Indirect material Indirector PORE Maintanance Hent of factory Welding Depreciation och y arise Total lehead cost 15,600 20.000 8.775 3.555 22.000 10.700 2209 5114.630 1. Compute the overhead controllable variatice and classify it as favorable or unfavorable 2. Compute the overhead volume variance and classify it as favorable or unfavorable 3. Prepare an overhead wariance report at the actual activity level of 11250 units Rent of tactory building Depreciation-Machinery Supervisory salaries Total actual overhead costs 22,000 10,700 25,200 $114,630 1. Compute the overhead controllable variance and classify it as favorable or unfavorable. 2. Compute the overhead volume variance and classify it as favorable or unfavorable. 3. Prepare an overhead variance report at the actual activity level of 11,250 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the overhead controllable variance and classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Controllable variance Total actual overhead Flexible budget overhead 0 Total Overhead controllable variance Required 2 > 1. Compute the overhead controllable variance and classify it as favorable or unfavorable. 2. Compute the overhead volume variance and classify it as favorable or unfavorable. 3. Prepare an overhead variance report at the actual activity level of 11,250 units. Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Compute the overhead volume variance and classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations.) Volume Variance Volume variance Required 1 Required 2 Required 3 Prepare an overhead variance report at the actual activity level of 11,250 units. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations.) JANES CORP. Overhead Variance Report For Month Ended May 31 Expected production volume Production level achieved Volume variance Controllable Variance Flexible Budget Actual Results Variances Fav/Unfav. Variable overhead costs: Fbed overhead costs Total overhead costs

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