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Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal 15.25.) Variable manufacturing overhead $ Fixed manufacturing overhead $ Total manufacturing overhead $ Calculate the total, budget, and volume overhead variances. Total overhead variance $ Rate Budget overhead variance $ -3000 -1560 Unfavourable Unfavourable

Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal 15.25.) Variable manufacturing overhead $ Fixed manufacturing overhead $ Total manufacturing overhead $ Calculate the total, budget, and volume overhead variances. Total overhead variance $ Rate Budget overhead variance $ -3000 -1560 Unfavourable Unfavourable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 15.25.) Variable manufacturing overhead $ Fixed manufacturing overhead Total manufacturing overhead $ Total overhead variance Calculate the total, budget, and volume overhead variances. Budget overhead variance $ Volume overhead variance $ Rate -3000 -1560 -1440 Unfavourable Unfavourable Unfavourable
Transcribed Image Text:Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 15.25.) Variable manufacturing overhead $ Fixed manufacturing overhead Total manufacturing overhead $ Total overhead variance Calculate the total, budget, and volume overhead variances. Budget overhead variance $ Volume overhead variance $ Rate -3000 -1560 -1440 Unfavourable Unfavourable Unfavourable
The following information was taken from the annual manufacturing overhead cost budget of Windsor Company: Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours Normal production level in units Standard labour hours per unit $37,800 $22,680 Variable manufacturing overhead 16,800 4,200 4 During the year, 4,100 units were produced, 16,600 hours were worked, and the actual manufacturing overhead was $62,040. Actual fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct labour hours. Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 15.25.) Rate
Transcribed Image Text:The following information was taken from the annual manufacturing overhead cost budget of Windsor Company: Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours Normal production level in units Standard labour hours per unit $37,800 $22,680 Variable manufacturing overhead 16,800 4,200 4 During the year, 4,100 units were produced, 16,600 hours were worked, and the actual manufacturing overhead was $62,040. Actual fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct labour hours. Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 15.25.) Rate
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