5 Question 12 - Ho x Overhead Standa x Assignment Print x Assignment Print x Assignment Print x Assignment Print X Assignment Print x + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fwebapps%252... Apps Homework: Flexible Budgets Assignment i Saved Help Save & Exit Submit Check my work 12 For May, Mariana company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following overhead budget. The company applies overhead with a standard of 2 DLH per unit and a standard overhead rate of $4 per DLH. 3 points 80% Operating Overhead Budget Level Production (in units) eBook Budgeted overhead Variable overhead costs Print Indirect materials $ 16,060 Indirect labor 25,000 References Power 6, 080 Maintenance 3, 080 Total variable overhead costs 50, 000 Fixed overhead costs Rent of building 13, 090 Depreciation Machinery 11 , 960 Supervisory salaries 15, 100 Total fixed overhead costs 40, 000 Total overhead $ 90, 090 It actually operated at 90% capacity (11,250 units) in May and incurred the following actual overhead. Actual Overhead Costs Indirect materials $ 16, 000 Indirect labor 27, 675 Power 6, 750 Maintenance 4, 210 Rent of building 13, 000 Depreciation-Machinery 11 , 900 Supervisory salaries 18, 500 Mc Graw Hill Type here to search 9 e PQuestion 12 - Ho x Overhead Standa x Assignment Print x Assignment Print x Assignment Print x Assignment Print x Assignment Print X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252Flearn.liberty.edu%252Fwebapps%252... Apps Reading list Homework: Flexible Budgets Assignment i Saved Help Save & Exit Submit Check my work 12 Supervisory salaries 15, 100 Total fixed overhead costs 40,000 Total overhead $ 90, 000 3 It actually operated at 90% capacity (11,250 units) in May and incurred the following actual overhead. points Actual Overhead Costs Indirect materials $ 16, 000 Indirect labor 27, 675 eBook Power 6, 750 Maintenance 4, 210 Print Rent of building 13, 000 Depreciation-Machinery 11, 900 References Supervisory salaries 18, 500 Actual total overhead $ 98, 035 1. Compute the overhead controllable variance and identify it as favorable or unfavorable 2. Compute the overhead volume variance and identify it as favorable or unfavorable. 3. Prepare an overhead variance report at the actual activity level of 11,250 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an overhead variance report at the actual activity level of 11,250 units. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) MARIANA COMPANY Mc Graw Hill 12:51 AM Type here to search 9 e X P 11/19/2021 DELIC https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl= Apps Homework: Flexible Budgets Assignment i Saved Help Save & Exit Sub Check my wor 12 Prepare an overreau variance report at the actual activity level of 11, 250 units. (indicate the effect of eden variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations. ) MARIANA COMPANY Overhead Variance Report 3 For Month Ended May 31 points Expected 80% of capacity Actua 90% of capacity eBook Volume variance $ 5,000 Favorable Print Controllable Variance Flexible Budget Actual Results Variances Favorable/Unfavorable References Variable overhead costs Indirect materials $ 16,000 Favorable Indirect labor 27,675 Favorable Power 6,750 6,750 No variance Maintenance 4,210 Unfavorable Total variable overhead costs 6,750 54,635 Favorable Fixed overhead costs Rent of building 13,000 13 000 No variance Depreciation-Machinery 11,900 11,900 No variance Supervisory salaries 15, 100 8,500 3,400 Unfavorable Total fixed overhead costs 40,000 43,400 Unfavorable Total overhead costs $ 46,750 $ 98.035 $ 785 Unfavorable Maluma Varianon Mc Graw Type here to search g e PQuestion 12 - Hc x Overhead Standa X Assignment Print x Assignment Print x Assignment Print x 5 Assignment Prin x Assignment Print x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fwebapps%252... Apps Reading list Homework: Flexible Budgets Assignment i Saved Help Save & Exit Submit 3 Check my work 12 Variable overhead costs: Indirect materials $ 16,000 Favorable Indirect labor 27,675 Favorable Power B 6,750 6,750 No variance points Maintenance 4,210 Unfavorable Total variable overhead costs 6,750 54,635 Favorable eBook Fixed overhead costs Print Rent of building 13,000 13,000 No variance References Depreciation- Machinery 11,900 11,900 No variance Supervisory salaries 15/100 18,500 3,400 Unfavorable Total fixed overhead costs 40,000 43,400 Unfavorable Total overhead costs $ 46,750 $ 98,035 $ 1,785 Unfavorable Volume Variance Budgeted (flexible) overhead 96, 250 Standard overhead applied 101, 250 Volume variance S 5,000 Favorable Total overhead variance 3,215 Favorable Hill Mc Graw Hill Type here to search e T5 Question 12 - Ho X Overhead Standa x Assignment Print x Assignment Print x Assignment Print x Assignment Print x Assignment Print X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fwebapps%252.. Apps Homework: Flexible Budgets Assignment i Saved Help Save & Exit Su Check my w 12 Maintenance 4, 210 Rent of building 13, 000 Depreciation Machinery 11, 900 Supervisory salaries 18 , 500 Actual total overhead $ 98, 035 3 points 1. Compute the overhead controllable variance and identify it as favorable or unfavorable. 2. Compute the overhead volume variance and identify it as favorable or unfavorable. 3. Prepare an overhead variance report at the actual activity level of 11,250 units. eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Compute the overhead controllable variance and identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. ) Controllable variance Actual total overhead $ 98,035 Budgeted (flexible) overhead Variable overhead $ 56,250 Fixed overhead 40,000 96, 250 able variance $ 1,785 Unfavorable MC Hill Type here to search 9 e T