8-33Overhead variance, missing information. Consider the following two situationscases A and Bindependently. Data refer to operations for April 2014. For each situation, assume standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based oi machine-hours.

Cases

A

B

(1) Fixed manufacturing overhead incurred

$84,920

$23,180

(2) Variable manufacturing overhead incurred

$120,400

(3) Denominator level in machine-hours

1,000

(4) Standard machine-hours allowed for actual output achieved

6,200

(5) Fixed manufacturing overhead (per standard machine-hour)

Flexible-Budget Data:

(6) Variable manufacturing overhead (per standard machine-hour)

$42.00

(7) Budgeted fixed manufacturing overhead

$88,200

$20,000

(8) Budgeted variable manufacturing overhead^a

(9) Total budgeted manufacturing overhead^a

Additional Data:

(10) Standard variable manufacturing overhead allocated

$124,000

(11) Standard fixed manufacturing overhead allocated

$86,800

(12) Production-volume variance

$4,000 F

(13) Variable manufacturing overhead spending variance

$5,000 F

$2,282 F

(14) Variable manufacturing overhead efficiency variance

$2,478 F

(15) Fixed manufacturing overhead spending variance

(16) Actual machine-hours used

^a For standard machine-hours allowed for actual output produced.

Required

Fill in the blanks under each case. [Hint: Prepare a worksheet similar to that in Exhibit 8-4 (page 304). Fill in the knowns and then solve for the unknowns.]