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%E11-30A (similar to) s Question Help CenterWare is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? HU vurdu- puoliv Turnord. LUDO vuru US US TUVUTLUIU urru vuruur / Begin by computing the fixed manufacturing overhead budget variance. First determine the formula for the budget variance, then compute the budget variance for fixed manufacturing overhead. Fixed MOH Actual fixed overhead Budgeted fixed overhead = budget variance 18,600 18,800 200 F Now compute the fixed manufacturing overhead volume variance. First determine the formula for the volume variance, then compute the volume variance for fixed manufacturing overhead. Std. fixed overhead cost allocated to production 19,800 less fixed overhead costs were incurred than were budgeted for more fixed overhead costs were incurred than were budgeted for production volume was greater than anticipated $ S What do each of these variances tell management? production volume was less than anticipated V. The fixed overhead volume The fixed overhead budget variance tells managers that variance tells managers that Click to select your answer(s) and then click Check Answer. All parte showing Cloor all W E11-30A (similar to) Question Help O CenterWare is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? W TO COO o poorv TOTO. COUTURO TOYOTCUT OUTOTT Begin by computing the fixed manufacturing overhead budget variance. First determine the formula for the budget variance, then compute the budget variance for fixed manufacturing overhead. Fixed MOH Actual fixed overhead Budgeted fixed overhead = budget variance $ 18,600 S 18,800 = $ 200 F Now compute the fixed manufacturing overhead volume variance. First determine the formula for the volume variance, then compute the volume variance for fixed manufacturing overhead. Fixed MOH Std. fixed overhead cost allocated to production Budgeted fixed overhead 18,800 = volume variance $ 1,000 F $ 19,800 $ What do each of these variances tell management? The fixed overhead budget variance tells managers that V. The fixed overhead volume varia at favorable Click unfavorable er(s) and then click Check Answer. ? All parts showing Clear All Finn Chork