Please solve that question using diagrams as shown below and show all work. Answers: Actual fixed OH = $92,000, Actual VOH = $170,500, Actual Overhead Rate/ Price = $3.10 per hour, Variable Overhead Rate given is the Standard Rate SR = $3.00, Variable OH Spending Variance = $5500 Unfavourable, Standard Hours = 50,000 hours, Fixed Overhead Volume Variance = $4,800 Unfavourable. Fixed OH Rate = Budgeted FOH / Denominator Value = $84,800 / 53,000 = $1.60

TQ3. You have just been hired as the controller of the Eastern Division of Global Manufacturing. Performance records for last year are incomplete, with only the following data available Variable Overhead Rate Budgeted Fixed Overhead Total Actual Overhead Cost Fixed Overhead Budget Variance Variable Overhead Efficiency Variance Actual Direct Labour Hours Worked Denominator Activity Level Standard Hours Per Unit $3.00 per Direct Labour Hour $84,800 $262,500 $7200 Unfavourable $15,000 Unfavourable 55,000 Direct Labour Hours 53,000 Direct Labour Hours 2 Direct Labour Hours Required Prepare a complete analysis of manufacturing overhead for the past year. Indicate actual, standard, and denominator activity levels; variable overhead spending and efficiency variances; and fixed overhead budget and volume variances. Chapter 10 - How Chapter 10 -How Actual Budgeted Standard Fixed Applied Actual Standard Standard Actual Fixed Overhead Incurred Fixed Overhead Actual Quantity Actual Quantity Standard Quantity DH x FR SH x FR Price Variance Quantity Variance Budget Volume Variance Variance Total Variance FR Standard Fixed Overhead Rate SH Standard Hours Allowed DH Denominator Hours