Problem 15-26 (Static) Variable and fixed overhead variances-various issues LO 5, 6 Presented here are the original overhead budget and the actual costs incurred during April for Piccolo Inc. Piccolo's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The original budget is based on budgeted production of 20,000 units in 4,000 standard direct labor hours. Actual production of 21,600 units required 4,500 actual direct labor hours. Variable overhead Fixed overhead Original Budget Actual Costs $30,000 $33,800 36,000 37,600 Required: a. Calculate the flexed budget allowances for variable and fixed overhead for April. b. Calculate the direct labor efficiency variance for April expressed in terms of direct labor hours. C. Calculate the predetermined overhead application rate for both variable and fixed overhead for April. d. Calculate the fixed and variable overhead applied to production during April if overhead is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for April. f. Calculate the over- or underapplied fixed overhead for April. Complete this question by entering your answers in the tabs Required A Required B Required C Required D Required E Required F Calculate the flexed budget allowances for variable and fixed overhead for April. (Do not round intermediate calculations.) Flexed Budget Variable flexed budget Fixed flexed budget Direct labor efficiency variance hours Variable Fixed Predetermined overhead application rate per hour Variable Fixed Overhead applied Fixed overhead budget variance Fixed overhead volume variance fixed overhead