DeVry Student Portal x Week 6: Homework x 5 Question 2 - Week 6: Hom X C | Chegg.com x | Clark Company's master bi X C Overhead information for ( x G 24079-16900= - Google S X New Tab X + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/kEZASsBkEPtbWjGU_IZ6.. > >| a Week 6: Homework i Saved Help Save & Exit Submit Check my work 2 Overhead information for Cran-Mar Company for October follows: Total factory overhead cost incurred $ 16,900 12.5 Budgeted fixed factory overhead cost $ 4,904 points Total standard overhead rate per machine hour (MH) $ 4.91 Standard variable factory overhead rate per MH $ 3.30 Standard MHs allowed for the units manufactured 4, 250 Required: Book 1. What is the standard fixed factory overhead rate per machine hour (MH)? 2. What is the denominator activity level that was used to establish the fixed factory overhead application rate? 3. Two-way analysis (breakdown) of the total factory overhead cost variance: calculate the following factory overhead cost variances for October and indicate whether each variance is favorable (F) or unfavorable (U). Ask a. Total flexible-budget variance. b. Production volume variance. c. Total overhead cost variance. Print 4. Calculate the production volume variance and indicate whether the variance is favorable (F) or unfavorable (U). References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the production volume variance and indicate whether the variance is favorable (F) or unfavorable (U). Production volume variance Favorable Mc Hill 89 F 3:23 PM Rain off and on 8/7/2022DeVry Student Portal x Week 6: Homework x 5 Question 2 - Week 6: Hom X C | Chegg.com x | Clark Company's master bi X | Overhead information for ( x G 24079-16900= - Google St X * Homework Help - Q&A fro x + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/kEZASsBkEPtbWjGU_IZ6... => > | a Week 6: Homework i Saved Help Save & Exit Submit Check my work 2 Overhead information for Cran-Mar Company for October follows: Total factory overhead cost incurred $ 16,900 12.5 Budgeted fixed factory overhead cost $ 4,904 points Total standard overhead rate per machine hour (MH) $ 4.91 Standard variable factory overhead rate per MH $ 3.30 Standard MHs allowed for the units manufactured 4, 250 Required: Book 1. What is the standard fixed factory overhead rate per machine hour (MH)? 2. What is the denominator activity level that was used to establish the fixed factory overhead application rate? 3. Two-way analysis (breakdown) of the total factory overhead cost variance: calculate the following factory overhead cost variances for October and indicate whether each variance is favorable (F) or unfavorable (U). Ask a. Total flexible-budget variance. b. Production volume variance. c. Total overhead cost variance. Print 4. Calculate the production volume variance and indicate whether the variance is favorable (F) or unfavorable (U). References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Two-way analysis (breakdown) of the total factory overhead cost variance: calculate the following factory overhead cost variances for October and indicate whether each variance is favorable (F) or unfavorable (U). a. Total flexible-budget variance S 2,029 Favorable b. Production volume variance 1,939 Favorable C. Total overhead cost variance $ 3,968 Favorable Mc Hill 89 F 3:27 PM Rain off and on 8/7/2022