Question: Haines Manufacturing Company HMC bases its fixed overhead rate on

Haines Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 30,000 units per year. Budgeted and actual results for the most recent year follow:


Required:
Calculate the following for HMC:
1. Fixed overhead rate based on practical capacity.
2. Fixed overhead spending variance.
3. Expected (planned) capacity variance.
4. Unexpected (unplanned) capacity variance.
5. Total over or under-applied fixed manufacturingoverhead
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  • CreatedFebruary 27, 2015
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