During the month of May, Bramble used 4,350 direct labor hours and 21,890 machine hours. The...
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During the month of May, Bramble used 4,350 direct labor hours and 21,890 machine hours. The flexible budget for the month allowed 4,450 direct labor hours and 21,200 machine hours. Actual fixed manufacturing overhead incurred was $109,400; variable manufacturing overhead incurred was $173,320. (a) Calculate the variable overhead spending and efficiency variances for May. (Round per unit value to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.) Variable overhead spending variance Variable overhead efficiency variance Fixed overhead spending variance $ (b) Calculate the fixed overhead spending variance for May. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) $ $ Variable manufacturing overhead Fixed manufacturing overhead Direct labor hours Machine hours Annual Budget $2,062,400 $1,202,280 49,200 257,800 May Budget $173,600 $100,190 4,100 21,700 During the month of May, Bramble used 4,350 direct labor hours and 21,890 machine hours. The flexible budget for the month allowed 4,450 direct labor hours and 21,200 machine hours. Actual fixed manufacturing overhead incurred was $109,400; variable manufacturing overhead incurred was $173,320. (a) Calculate the variable overhead spending and efficiency variances for May. (Round per unit value to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.) Variable overhead spending variance Variable overhead efficiency variance Fixed overhead spending variance $ (b) Calculate the fixed overhead spending variance for May. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) $ $ Variable manufacturing overhead Fixed manufacturing overhead Direct labor hours Machine hours Annual Budget $2,062,400 $1,202,280 49,200 257,800 May Budget $173,600 $100,190 4,100 21,700
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