You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance reportyou were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able toreconstruct the obliterated information from the remaining data. Fill in the missing numbers below.Note: Round your per machine hour and per unit answers to two decimal places. Indicate the effect of thevarlance by selecting "Positive" or "Negative". Select "None" and enter "O" for no effect (l.e., zero varlance).Standard machine hours per unit of output5 hoursStandard variable-overhead rate per machine hour$9.00Actual variable-overhead rate per machine hourActual machine hours per unit of outputBudgeted fixed overhead$31,625Actual fixed overheadBudgeted production in units11,500Actual production in unitsVariable-overhead spending variance$34,000 UnfavorableVariable-overhead efficiency variance$126,000 FavorableFixed-overhead budget variance$9,500 UnfavorableFixed-overhead volume varianceTotal actual overhead$381,125Total budgeted overhead (flexible budget)Total budgeted overhead (static budget)Total applied overhead$458,400

Name: You brought your work home one evening, and your nephew spilled his c
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance reportyou were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able toreconstruct the obliterated inf