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Actual fixed manufacturing overhead (FMOH) incurred during the year was $321,000. View additional data....

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Accounting

Actual fixed manufacturing overhead (FMOH) incurred during the year was $321,000.
View additional data.
Read the requirements.
Begin by calculating the following amounts for the fixed manufacturing overhead. (Round interim calculations to seven decimal places. Round your final answers to the nearest whole dollar.)
\table[[Actual Costs,\table[[Same Budgeted],[Lump Sum],[Regardless of],[Output Level]],\table[[Flexible Budget:],[Same Budgeted],[Lump Sum],[Regardless of],[Output Level]],\table[[Allocated],[Overhead]]]]
Additional data
Baguettes are baked in batches of 90 loaves. Following are some pertinent data for Radiance Inc.:
Direct manufacturing labour use ,1.80DMLH per batch
Required
Fixed manufacturing overhead
$3.40 per DMLH
Radiance Inc. recorded the following additional data for the year ended December 31:
Prepare a variance analysis of FMOH costs.
Is fixed overhead under-or overallocated? By how much?
Comment on your results. Discuss the various variances, and explain what may be driving them.
\table[[Planned (budgeted) output,3,870,000 baguettes],[Actual production,3,390,000 baguettes],[Direct manufacturing labour,50,400 DMLH],[Actual fixed MOH,$321,000
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