Question
You've been asked to review the overhead rates for your client, the Plexiglas Solution Co. Plexiglas manufactures standard-sized plexiglas protectors for grocery stores and banks.
You've been asked to review the overhead rates for your client, the Plexiglas Solution Co. Plexiglas manufactures standard-sized plexiglas protectors for grocery stores and banks. Plexiglas uses budgeted machine hours to allocate variable and fixed manufacturing overhead. The following information relates to Plexiglas's manufacturing overhead data: Budgeted output units (panels) 31,000 units Budgeted machine-hours 16,585 hours Budgeted variable manufacturing overhead costs for 16,585 hours $348,285 Actual output units produced 33,000 units Actual machine-hours used 14,400 hours Actual variable manufacturing overhead costs $384,000 Budgeted Fixed Overhead $2,600,000 Actual Fixed Overhead $2,450,000
The variable overhead rate variance is?
The fixed overhead spending variance is?
The volume variance is?
The variable overhead efficiency variance is?
The flexible budget variance for variable overhead is?
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