Overhead Application, Fixed and Variable Overhead Variances Zepol Company is planning to produce 600,000 power drills for the coming year. The company uses direct labor hours to assign overhead to products. Each drill requires 0.75 standard hour of labor for completion. The total budgeted overhead was $1,777,500. The total fixed overhead budgeted for the coming year is 5832,500. Predetermined overhead rates are calculated using expected production, measured in direct labor hours. Actual results for the year are: Actual production (units) 594,000 Actual variable overhead $928,000 Actual direct labor hours (AR) 446,000 Actual fixed overhead 5 835,600 Required: 1. Compute the applied fixed overhead. Round intermediate calculations to two decimal places. 2. Compute the fixed overhead spending and volume variances. Spending variance ce $ Volume variance 3. Compute the variable overhead rate. Round your answer to the nearest cent. per DLH y e d was 31,1,JUU.Me Luld lixeu uvelledu budgeted for the coming year is $832,500. Predetermined overhead rates are calculated using expected production, measured in direct labor hours. Actual results for the year are: Actual variable overhead Actual production (units) Actual direct labor hours (AH) 594,000 446,000 $928,000 $835,600 Actual fixed overhead Required: 1. Compute the applied fixed overhead. Round intermediate calculations to two decimal places. 2. Compute the fixed overhead spending and volume variances. Spending variance Volume variance 3. Compute the variable overhead rate. Round your answer to the nearest cent. per DLH s 4. Compute the variable overhead spending and efficiency variances. Spending variances Efficiency variances Actual direct labor hours (AH) 446,000 Actual fixed overhead Required: 1. Compute the applied fixed overhead. Round intermediate calculations to two 2. Compute the fixed overhead spending and volume variances. Spending yarance Volume vanance Favorable 3. compute the variable overhead rate. Rai Unfavorable er to the nearest cent. per DLH No variance 4. Compute the venable overhead spending and efficiency variances. Spending vanances Elficiency variances 446,000 fixed overhead Adual direct labor hours (AH) Actu $835 Required: 1. Compute the applied fixed overhead. Round intermediate calculations to two deci 2. Compute the fixed overhead spending and volume varances. Spending variance 3. Compute the variable overhead rate. Roefavorable fer to the nearest cent. per DLH Unfavorable 4. Compute the variable overhead spendin. No variance vanances. Spending variances Efficiency variances Check my work Previous Required: 1. Compute the applied fixed overhead. Round intermediate calculations to two decimal 2. Compute the fixed overhead spending and volume variances. Spending variance Volume variance 3. Compute the variable overhead rate. Rot Favorable to the nearest cent. Unfavorable 4. Compute the variable overhead spending No variance vanances. Spending vanances Efficiency variances dropdown Check My Wok Previous ANE Required 1. Compute the applied fixed overhead. Round intermediate calculations to two decim 2. Compute the fixed overhead spending and volume variances. 3. Compute the variable overhead rate Round your ansver to the nearest cent. ENOTable 4. Compute the variable overheat spending Untavorable vanances. No variance Spending vanances Enciency variances recork Previous Previous Assignment Score: 0.0% A WIKI All Work