Each of the cases below is independent. You may assume that each company uses a standard cost system and that each company’s flexible budget for manufacturing overhead is based on standard machine-hours.

Required
Compute the unknown amounts.

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Item 1 2 3 4 LO 5 6 7 8 q 10 11 12 13 14 15 16 Denominator activity in hours Standard hours allowed for units produced Actual hours worked Flexible budget variable overhead per machine-hour Flexible budget fixed overhead (total) Actual variable overhead cost incurred Actual fixed overhead cost incurred Variable overhead cost applied to production* Fixed overhead cost applied to production* Variable overhead spending variance Variable overhead efficiency variance Fixed overhead budget variance Fixed overhead volume variance Variable portion of the predetermined overhead rate Fixed portion of the predetermined overhead rate Underapplied (or overapplied) overhead *Based on standard hours allowed for units produced. Company A ? 32,000 30,000 £? ? 54,000 209,400 ? 192,000 ? 3,500 F ? 18,000 U ? ? ? Company B 40,000 ? ? £2.80 ? 117,000 302,100 117,600 ? ? 8,400 U 2,100 U ? ? ? ?