Homework: Ch 23 Probl Save HW Score: 20% , 1.4 of 7 pts Score: 1.4 of 7 pts 1 of 1 (1 complete) E23-20 (book/static) EQucstion Hcla ayem and provide the felgwing information Mason Fender allocates manufacturing overhead to oraduction based on standard direct labor hours, Mason Fender regorted the foloeing actual rasults for 20118: actual number of 1anders oroduced 20 000 actual variable overhead, 55350 actual fixed overhead, 525 000: actual drect labor hours 460 Read the requkements Reauiement 1,Cumude the gerthead vatiances for teveer vatistieverhead cosl vetiance varishle cerheed ellicience verisnce aed ovehead col vaence And fxed ovehead volume aience t and oficiency varlances, and identty whother cach varlance s tavorable (E) or unfavorable (ULou may need to simphy the formula based on the data provided Abbrevtations uspd: AC- actual Formul Variunce = S 3510U VOH cust variunce (AC-SC)x AD VOH efficiency variance -5 (AQ-SQ)x SC 160 F Now camputa the thred overhead cost and volume variances. Selact tha raquired tormulas, computa the tiad ovarhead co standard quantity. tand voluma vadances and identity whether each variance is tavorable (F) or untavorable (U), (Abbraviations used: AC actual cost: AQ= actual quantity: FUH= tred overhead: SC- standard cost S0 Formula Variance FOH cost variances FOH yolume variance Homework: Ch 23 Probl Save HW Score: 20% , 1.4 of 7 pts Score: 1.4 of 7 pts 1 of 1 (1 complete) E23-20 (book/static) EQucstion Hcla ayem and provide the felgwing information Mason Fender allocates manufacturing overhead to oraduction based on standard direct labor hours, Mason Fender regorted the foloeing actual rasults for 20118: actual number of 1anders oroduced 20 000 actual variable overhead, 55350 actual fixed overhead, 525 000: actual drect labor hours 460 Read the requkements Reauiement 1,Cumude the gerthead vatiances for teveer vatistieverhead cosl vetiance varishle cerheed ellicience verisnce aed ovehead col vaence And fxed ovehead volume aience t and oficiency varlances, and identty whother cach varlance s tavorable (E) or unfavorable (ULou may need to simphy the formula based on the data provided Abbrevtations uspd: AC- actual Formul Variunce = S 3510U VOH cust variunce (AC-SC)x AD VOH efficiency variance -5 (AQ-SQ)x SC 160 F Now camputa the thred overhead cost and volume variances. Selact tha raquired tormulas, computa the tiad ovarhead co standard quantity. tand voluma vadances and identity whether each variance is tavorable (F) or untavorable (U), (Abbraviations used: AC actual cost: AQ= actual quantity: FUH= tred overhead: SC- standard cost S0 Formula Variance FOH cost variances FOH yolume variance