Please do not give solution in image format thanku Direct materials-1 pound plastic at $7 per poundDirect labor-2.0 hours at $12.50 per hourres a single product. The standard cost per unit of product is shown below.Variable manufacturing overheadFixed manufacturing overheadTotal standard cost per unitDirect materials (4,980 pounds)Direct labor (9.410 hours)Variable overheadFixed overheadTotal manufacturing costsThe predetermined manufacturing overhead rate is $16 per direct labor hour ($32.00 +2.0). It was computed from a mastermanufacturing overhead budget based on normal production of 12,000 direct labor hours (6,000 units) for the month. The masterbudget showed total variable overhead costs of $66,000 ($5.50 per hour) and total fixed overhead costs of $126,000 ($10.50 perhour). Actual costs for October in producing 4,800 units were as follows.$35,856119.507107,520$7.0025,0011.0048,280$311.16321.00$64.00 Direct materials (4,980 pounds)Direct labor (9.410 hours)Variable overhead iFixed overheadTotal manufacturing costs$ 35,856119,507Overhead volume variance107,520$311,163The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Rawmaterials inventories, therefore, can be ignored.Compute the overhead controllable variance and the overhead volume variance.Overhead controllable variance $48,280$

Name: Please do not give solution in image format thanku Direct materials-1
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku Direct materials-1 pound plastic at $7 per poundDirect labor-2.0 hours at $12.50 per hourres a single product. The standard cost per unit of product is shown below.Variable manufacturing overheadFixe