Overhead variance, missing information. Consider the following two situations—cases A and B— independently. Data refer to operations for April 2017. For each situation, assume standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours. CasesAB(1)Fixed manufacturing overhead incurred(2)Variable manufacturing overhead incurred(3)$27,000$10,511$132,900Denominator level in machine-hours45,000(4) Standard machine-hours allowed for actual output achieved(5) Fixed manufacturing overhead (per standard machine-hour)Flexible-Budget Data:(6) Variable manufacturing overhead (per standard machine-hour)Budgeted fixed manufacturing overhead(8) Budgeted variable manufacturing overheadTotal budgeted manufacturing overhead4,700$ 2.10$23,375$130,500Additional Data:(10)Standard variable manufacturing overhead allocated(11)Standard fixed manufacturing overhead allocated(12)$10,340$19,975$ 580 F$ 1,490 F$ 1,680 FProduction-volume variance$ 457 U(13)Variable manufacturing overhead spending variance(14)Variable manufacturing overhead efficiency variance(15)Fixed manufacturing overhead spending variance(16)Actual machine-hours used*For standard machine-hours allowed for actual output produced.Fill in the blanks under each case. [Hint: Prepare a worksheet similar to that in Exhibit 8-4 (page 304). Fill inthe knowns and then solve for the unknowns.]Required

Name: Overhead variance, missing information. Consider the following two sit
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Overhead variance, missing information. Consider the following two situations—cases A and B— independently. Data refer to operations for April 2017. For each situation, assume standard costing. Also assume the use of a flexible budget for control of