Question: please help me wth this problem, I need correct answers. ! Required information [The following information applies to the questions displayed below.] Manuel Company predicts

please help me wth this problem, I need correct answers.
! Required information [The following information applies to the questions displayed below.] Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Flexible Budget at 80% Capacity 52,500 Actual Results 48,000 Production (in units) Overhead Variable overhead Fixed overhead Total overhead $ 288,750 52,500 $ 341,250 $ 338,000 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 26,250 DLH, computed as 52,500 units * 0.5 DLH per unit. 2. Compute the standard overhead applied. 3. Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Answer is not complete. 1. Standard overhead rate $ 316,500 2. Standard overhead applied $ 312,000 3. Overhead variance $ 4,500
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
