Norwall Companys budgeted variable manufacturing overhead cost is $1.30 per machine-hour and its budgeted fixed...
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Norwall Companys budgeted variable manufacturing overhead cost is $ per machinehour and its budgeted fixed manufacturing overhead is $ per month. The following information is available for a recent month: The denominator activity of machinehours is used to compute the predetermined overhead rate. At a denominator activity of machinehours, the company should produce units of product. The companys actual operating results were: Number of units produced Actual machinehours Actual variable manufacturing overhead cost $ Actual fixed manufacturing overhead cost $ Required: Compute the predetermined overhead rate and break it down into variable and fixed cost elements. Note: Round your answers to decimal places. Compute the standard hours allowed for the actual production. Compute the variable overhead rate and efficiency variances and the fixed overhead budget and volume variances. Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Round your intermediate calculations and final answers to decimal places.
Norwall Companys budgeted variable manufacturing overhead cost is $ per machinehour and its budgeted fixed manufacturing overhead is $ per month.
The following information is available for a recent month:
The denominator activity of machinehours is used to compute the predetermined overhead rate.
At a denominator activity of machinehours, the company should produce units of product.
The companys actual operating results were:
Number of units produced
Actual machinehours
Actual variable manufacturing overhead cost $
Actual fixed manufacturing overhead cost $
Required:
Compute the predetermined overhead rate and break it down into variable and fixed cost elements.
Note: Round your answers to decimal places.
Compute the standard hours allowed for the actual production.
Compute the variable overhead rate and efficiency variances and the fixed overhead budget and volume variances.
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Round your intermediate calculations and final answers to decimal places.
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