managerial accounting help asap with explanations please?!

Explain 4. Compute the fixed overhead budget and ances ILO2, LO3, LO4, LOs PROBLEM 10-20 Comprehensive Standard Cost Vari Clarissa McWhirter, vice-president of Cyprus Company, income statement after the trouble the company had She noted that the $12,250 overall manufacturing variance reported last period was wellngc sed to see a small variance on been having in controlling manufa cturin as well hel costs. ow the 3% limit that had been set for variances. The company produces and sells a single standard cost card for the product follows: Standard Cost Card-Per Unit Direct materials, 4 metres at $3.50 per metre Direct labour, 1.5 direct labour-hours at $12 per direct labour-hour..... Variable overhead, 1.5 direct labour-hours at $2 per direct labour-hour. . . . . Fixed overhead, 1.5 direct-labour hours at $6 per direct labour-hour... $14 18 3 $44 The following additional information is available for the year just completed: The company manufactured 20,000 units of product during the year. b. A total of 78,000 metres of material was purchased during the year at a cost of $3.75 per me All of this material was used to manufacture the 20,000 units. There were n ing inventories for the year o beginning or end- The company worked 32,500 direct labour-hours during the year at a cost of $11.80 ne per c. hour