Walkenhorst Company's machining department prepared its 2022 budget based on the following data: Practical...
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Walkenhorst Company's machining department prepared its budget based on the following data: Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead units $ per machine hour $ The department uses machine hours to apply factory overhead to production. In the department used machine hours and incurred $ in total manufacturing overhead cost to manufacture units. Actual fixed overhead cost for the year was $ Required: Determine for the year: The predetermined fixed, variable, and total factory overhead application rates per machine hourRound your answers to decimal places. The total factory overhead cost in the flexible budget based on output achieved in The fixed overhead volume variance. State whether this variance was favorable F or unfavorable U The variable overhead efficiency variance. State whether this variance was favorable F or unfavorable U The variable overhead spending rate variance and the fixed overhead spending budget variance. State whether each variance is favorable F or unfavorable U 
Walkenhorst Company's machining department prepared its budget based on the following data:
Practical capacity
Standard machine hours per unit
Standard variable factory overhead
Budgeted fixed factory overhead
units
$ per machine hour
$
The department uses machine hours to apply factory overhead to production. In the department used machine hours
and incurred $ in total manufacturing overhead cost to manufacture units. Actual fixed overhead cost for the year was
$
Required:
Determine for the year:
The predetermined fixed, variable, and total factory overhead application rates per machine hourRound your answers to
decimal places.
The total factory overhead cost in the flexible budget based on output achieved in
The fixed overhead volume variance. State whether this variance was favorable F or unfavorable U
The variable overhead efficiency variance. State whether this variance was favorable F or unfavorable U
The variable overhead spending rate variance and the fixed overhead spending budget variance. State whether each variance is
favorable F or unfavorable U
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