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CoursHeroTranscribedText: Exercise 8-15 Calculating Factory Overhead The standard capacity of a factory is 8,000 units...

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CoursHeroTranscribedText: Exercise 8-15 Calculating Factory Overhead The standard capacity of a factory is 8,000 units per month. Cost and production data follow: Standard application rate for fixed overhead... $0.50 per unit Standard application rate for variable overhead........ $1.50 per unit Production - Month 1. 7,400 units Production - Month 2.. 8,200 units Actual factory overhead - Month 1... $15,100 Actual factory overhead - Month 2.. $17,200 Calculate the amount of factory overhead allowed for the actual volume of production each month and the variance between budgeted and actual overhead for each month. Use "F" and "U" to designate favorable and unfavorable variances. If an amount is zero, enter "0" and use "N/A" if the variance is zero. Enter all amounts as positive numbers. Month 1 Month 2 Budget Actual ur Variances un QUESTION 11 QUESTION 12

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