Data table Requirement 2. Compute the overhead flexible budget variance. What does this tell management? Identify the formula labels and compute the overhead flexible budget variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Overhead flexible budget variance: Overhead flexible budget variance What does the overhead flexible budget variance tell management? This variance tells managers that Earthern Ware actually incurred \\$ for manufacturing overhead than thev would have exnected for the actulal volume nroduced du urino the vear Overhead flexible budget variance What does the overhead flexible budget variance tell management? This variance tells managers that Earthern Ware actually incurred \\( \\$ \\) for manufacturing overhead than they would have expected for the actual volume produced during the year. Requirement 3. Compute the production volume variance. What does this tell management? Identify the formula labels and compute the production volume variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Production volume variance: Last month, Earthern Ware reported the following actual results for the production of 75,000 bottles: Direct materials. . . . . . . . \\( 1.4 \\mathrm{~kg} \\) per bottle, at a cost of \\( \\$ 0.60 \\) per \\( \\mathrm{kg} \\) Direct labour . . . . . . . . . . . \\( 1 / 4 \\) hour per bottle, at a cost of \\( \\$ 12.90 \\) per hour Actual variable overhead ........ \\$104,900 Actual fixed overhead. . . . . . . \\( \\$ 28,300 \\) Print Done Label the variance as favourable (F) or unfavourable (U).) Production volume variance: Production volume variance What does the production volume variance tell management? This variance tells managers that \\$ of the total overhead variance arose because Earthern Ware produced bottles than originally expected. It is , because Earthern Ware used its plant capacity originally anticipated. Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. Compute the production volume variance. What does this tell management? Requirement 1. Compute the total manufacturing overhead variance. What does this tell management? Identify the formula labels and compute the total manufacturing overhead variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Total overhead variance: Total overhead variance What does the total manufacturing overhead variance tell management? This variance tells managers that Earthern Ware manufacturing overhead by \\( \\$ \\) Data table Requirement 2. Compute the overhead flexible budget variance. What does this tell management? Identify the formula labels and compute the overhead flexible budget variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Overhead flexible budget variance: Overhead flexible budget variance What does the overhead flexible budget variance tell management? This variance tells managers that Earthern Ware actually incurred \\$ for manufacturing overhead than thev would have exnected for the actulal volume nroduced du urino the vear Overhead flexible budget variance What does the overhead flexible budget variance tell management? This variance tells managers that Earthern Ware actually incurred \\( \\$ \\) for manufacturing overhead than they would have expected for the actual volume produced during the year. Requirement 3. Compute the production volume variance. What does this tell management? Identify the formula labels and compute the production volume variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Production volume variance: Last month, Earthern Ware reported the following actual results for the production of 75,000 bottles: Direct materials. . . . . . . . \\( 1.4 \\mathrm{~kg} \\) per bottle, at a cost of \\( \\$ 0.60 \\) per \\( \\mathrm{kg} \\) Direct labour . . . . . . . . . . . \\( 1 / 4 \\) hour per bottle, at a cost of \\( \\$ 12.90 \\) per hour Actual variable overhead ........ \\$104,900 Actual fixed overhead. . . . . . . \\( \\$ 28,300 \\) Print Done Label the variance as favourable (F) or unfavourable (U).) Production volume variance: Production volume variance What does the production volume variance tell management? This variance tells managers that \\$ of the total overhead variance arose because Earthern Ware produced bottles than originally expected. It is , because Earthern Ware used its plant capacity originally anticipated. Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. Compute the production volume variance. What does this tell management? Requirement 1. Compute the total manufacturing overhead variance. What does this tell management? Identify the formula labels and compute the total manufacturing overhead variance. (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable (U).) Total overhead variance: Total overhead variance What does the total manufacturing overhead variance tell management? This variance tells managers that Earthern Ware manufacturing overhead by \\( \\$ \\)