Please do not give solution in image format thanku kercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report LO P4aze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For March,e company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget.he company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs of $83,035.Overhead BudgetProduction in unitsBudgeted variable overhead.Budgeted fixed overhead80% OperatingLevels8,000$ 33,000$ 48,000. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units * 4OLH per unit.2. Compute the total overhead variance.Complete this question by entering your answers in the tabs below.Overhead varianceRequired 1 RequiredeethCompute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or novariance. Do not round intermediate calculations.)Overhead variance< Required 1Required 3 > Exercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report LO P4Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For Marchthe company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget.The company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs of $83,035.Overhead BudgetProduction in unitsBudgeted variable overheadBudgeted fixed overhead80% OperatingLevels8,000$ 33,000$ 48,0001. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 4DLH per unit.2. Compute the total overhead variance.Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3 Required 4Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000units x 4 DLH per unit. (Round your answer to 2 decimal places.)Standard overhead rateRequired 1Required 2 >

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Description: Please do not give solution in image format thanku kercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report LO P4aze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4

Standard costs are estimates of the actual costs in a company’s production processThen, the actual…

Answered: Compute the standard overhead rate.…

Business

Accounting

Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 4 PLH per unit. Compute the total overhead variance.

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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