Please do not give solution in image format thanku Moeller Electric manufactures lightfixtures. The following informationpertains to the company'smanufacturing overhead data.Budgeted output units 30,000 fixturesBudgeted machine-hours 10,000hoursBudgeted variable manufacturingoverhead costs for 30,000 fixtures$80,625Actual output units produced 44,000fixturesActual machine-hours used 10,000hoursActual variable manufacturingoverhead costs $121,000(1) What is Moeller Electric's variablemanufacturing overhead ratevariance?(2) What is the variable manufacturingoverhead flexible-budget variance?

Flexible budget -A flexible budget adapts to variations in the real amount of revenue. Once an…

Answered: Moeller Electric manufactures light…

Business

Accounting

Moeller Electric manufactures light fixtures. The following information pertains to the company's

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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Question

Please do not give solution in image format thanku

Moeller Electric manufactures light
fixtures. The following information
pertains to the company's
manufacturing overhead data.
Budgeted output units 30,000 fixtures
Budgeted machine-hours 10,000
hours
Budgeted variable manufacturing
overhead costs for 30,000 fixtures
$80,625
Actual output units produced 44,000
fixtures
Actual machine-hours used 10,000
hours
Actual variable manufacturing
overhead costs $121,000
(1) What is Moeller Electric's variable
manufacturing overhead rate
variance?
(2) What is the variable manufacturing
overhead flexible-budget variance?

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