LO$11\mathrm{.}1,11\mathrm{.}2,{}^{}11\mathrm{.}311\mathrm{.}4,11\mathrm{.}5,$

costs for the next year:

The company uses machine hours as the sole cost driver of variable overhead. Based on prior years, Heartwood

estimates it will take $0\mathrm{.}30$ machine hour per cabinet produced. Budgeted output is $75,000$ cabinets. Actual output is

$73,000$ cabinets and it really takes $0\mathrm{.}40$ machine hour to produce one cabinet. Actual variable overhead costs are

$$474,500.$ Actual fixed overhead costs are $$600,000.$

Required

Round all answers to two decimal points.

a$.$ Calculate budgeted variable overhead for the year.

b$.$ Calculate the variable overhead spending variance.

C$.$ Calculate the variable overhead efficiency variance.

d$.$ Calculate the fixed overhead spending variance.

e$.$ Calculate the production$-$volume variance.

f$.$ Create the journal entries to record the variable overhead variances and include a description of what each journal

entry does.

g$.$ Create the journal entries to record the fixed overhead variances.