Wright Foods processes bags of organic frozen fruits sold at specialty grocery stores. (Click the icon to view additional information.) Read the requirements Requirement 1. How much variable More Info on allocated to production? - The variable overhead allocated to Now determine the fixed overhead a The fixed overhead allocated to pro Requirement 2. Compute the variab Begin by determing the formula for ti rates to two decimal places. Labelth managers? The company allocates manufacturing overhead based on direct labor hours. Wright has budgeted fixed manufacturing overhead for the year to be $628,000. The predetermined fixed manufacturing overhead rate is $16.40 per direct labor hour, while the standard variable manufacturing overhead rate is $0.55 per direct labor hour. The direct labor standard for each case is one quarter (0.25) of an hour. The company actually processed 160,000 cases of frozen organic fruits during the year and incurred $682,000 of manufacturing overhead of this amount, $630,000 was fixed. The company also incurred a total of 41,600 direct labor hours. esult as a positive number. Enter x Print Done This variance tells managers that will expected given the actual hours used Now determine the formula for the variable MOH efficiency variance, then calculate the efficiency variance. (Enter the result as a positive number. Enter any rates to Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Compute the variable MOH rate variance and the variable MOH efficiency varianon. What do those variances tel managers? Begin by determing the formula for the variable MOH rate variance, then calculate the variable overhead ratovariance (Enter the result as a positive nombor ratos to two decimal places. Label the variance as favorable (F) or unfavorable (U).) Variable overhead rate variance This variance tells managers that Wright Foods actually incurred on variable manufacturing overhead than they would have expected given the actual ho used. Now determine the formula for the variable MOH efficiency variance, then calculate the efficiency arianon (Enter the result as a positive number. Enter any rates two decimal places. Label the variance as favorable (F) or unfavorable (ul) Variable overhead officiency variance ) - This variance bolls managers that Wright Foods used direct laber hours than anticipated for the actual volume of output Choose from any list or enter any number in the input fields and then continue to the next question, PAW? A MacBook Air $ % 5 & 7 4 6 8 9 0 C R Y P T o F H J K L V B N. M option Wright Foods processes bags of organic frozen fruits sold at specialty grocery stores. Click the icon to view additional information.) Read the requirements This varande tells managers that night Foods used direct labor hours than antipated for the actual volume of output Requirement 3. Compute the fixed MOH budget variance and the fixed overhead volume variance. What do those variances tell managers? Begin by determing the formula for the fixed MOH budget variance, then calculate the fixed budget variance. (Enter the result as a positive number. Label the variance as favorable (F) or unfavorable (U)) Fixed MOH - budget variance This variance tells us that Wright Foods spent than anticipated on fixed overhead costs. Now determine the formula for the fixed overhead volume variance, then calculate the volume variance (Enter the result as a positive number. Label the variance as favorable (F) or unfavorable (U).) Fixed MOH - volume variance This variance tolls managers that Wright Foods produced cases of frozen organic fruits than originally expected Choose from any list or enter any number in the input fields and then continue to the next question Wright Foods processes bags of organic frozen fruits sold at specialty grocery stores. (Click the icon to view additional information.) Read the requirements Requirement 1. How much variable More Info on allocated to production? - The variable overhead allocated to Now determine the fixed overhead a The fixed overhead allocated to pro Requirement 2. Compute the variab Begin by determing the formula for ti rates to two decimal places. Labelth managers? The company allocates manufacturing overhead based on direct labor hours. Wright has budgeted fixed manufacturing overhead for the year to be $628,000. The predetermined fixed manufacturing overhead rate is $16.40 per direct labor hour, while the standard variable manufacturing overhead rate is $0.55 per direct labor hour. The direct labor standard for each case is one quarter (0.25) of an hour. The company actually processed 160,000 cases of frozen organic fruits during the year and incurred $682,000 of manufacturing overhead of this amount, $630,000 was fixed. The company also incurred a total of 41,600 direct labor hours. esult as a positive number. Enter x Print Done This variance tells managers that will expected given the actual hours used Now determine the formula for the variable MOH efficiency variance, then calculate the efficiency variance. (Enter the result as a positive number. Enter any rates to Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Compute the variable MOH rate variance and the variable MOH efficiency varianon. What do those variances tel managers? Begin by determing the formula for the variable MOH rate variance, then calculate the variable overhead ratovariance (Enter the result as a positive nombor ratos to two decimal places. Label the variance as favorable (F) or unfavorable (U).) Variable overhead rate variance This variance tells managers that Wright Foods actually incurred on variable manufacturing overhead than they would have expected given the actual ho used. Now determine the formula for the variable MOH efficiency variance, then calculate the efficiency arianon (Enter the result as a positive number. Enter any rates two decimal places. Label the variance as favorable (F) or unfavorable (ul) Variable overhead officiency variance ) - This variance bolls managers that Wright Foods used direct laber hours than anticipated for the actual volume of output Choose from any list or enter any number in the input fields and then continue to the next question, PAW? A MacBook Air $ % 5 & 7 4 6 8 9 0 C R Y P T o F H J K L V B N. M option Wright Foods processes bags of organic frozen fruits sold at specialty grocery stores. Click the icon to view additional information.) Read the requirements This varande tells managers that night Foods used direct labor hours than antipated for the actual volume of output Requirement 3. Compute the fixed MOH budget variance and the fixed overhead volume variance. What do those variances tell managers? Begin by determing the formula for the fixed MOH budget variance, then calculate the fixed budget variance. (Enter the result as a positive number. Label the variance as favorable (F) or unfavorable (U)) Fixed MOH - budget variance This variance tells us that Wright Foods spent than anticipated on fixed overhead costs. Now determine the formula for the fixed overhead volume variance, then calculate the volume variance (Enter the result as a positive number. Label the variance as favorable (F) or unfavorable (U).) Fixed MOH - volume variance This variance tolls managers that Wright Foods produced cases of frozen organic fruits than originally expected Choose from any list or enter any number in the input fields and then continue to the next
