I really do not know how to do the remain question . You brought your work home
ID: 2464934 • Letter: I
Question
I really do not know how to do the remain question .
You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. (It is helpful to solve for the unknowns in the order indicated by the letters in the following table.) (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round all overhead rates and "Actual machine hours" to 2 decimal places. Round all other calculations to the nearest whole number or dollar.)Explanation / Answer
B) Actual variable overhead = Total actual overhead -actual fixed overhead
= 381125 - 41125
= 340000
Variable overhead spending variance = Actual overhead - (AH *SVOH)
34000 = 340000 - (AH * 9)
9 AH = 340000-34000
AH = 306000/9 = 34000 Machine hours
Actual variable overhead rate = 340000/34000 = $ 10 per MH
d)Actual machine hours per unit = 34000 / 9600 = 3.5417 MH
G)Fixed overheas volume variance = Budgeted fixed verhead -standard fixed overhead
= 31625 - ( 31625 * 9600 / 11500)
= 31625 - 26400
= 5225 U
e) Total budgeted overhead = (9600 * 5*9 ) + 31625
= 432000+31625= 463625
f) Total budgeted overhead = 31625 + (11500* 5*9)
= 31625 + 517500
= 549125