Week 6: Homework i Saved Help S Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 Overhead information for Cran-Mar Company for October follows: Budgeted fixed factory overhead cost Total factory overhead cost incurred 12.5 points Total standard overhead rate per machine hour (MH) Standard variable factory overhead rate per MH Standard MHs allowed for the units manufactured Required: 1. What is the standard fixed factory overhead rate per machine hour (MH)? $ 16,200 $ 6,127 $ 4.93 $ 3.30 3,900 2. What is the denominator activity level that was used to establish the fixed factory overhead application rate? 3. Two-way analysis (breakdown) of the total factory overhead cost variance: calculate the following factory overhead cost variances for October and indicate whether each variance is favorable (F) or unfavorable (U). a. Total flexible-budget variance. b. Production volume variance. c. Total overhead cost variance. 4. Calculate the production volume variance and indicate whether the variance is favorable (F) or unfavorable (U). Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the production volume variance and indicate whether the variance is favorable (F) or unfavorable (U). Production volume variance $ 19,227 Favorable < Required 3 Required 4 >