Please do not give solution in image format thanku Use the following information for the Exercises below. (Algo)[The following information applies to the questions displayed below.]Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and itsstandard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period.Production (in units)OverheadVariable overheadFixed overheadTotal overheadFlexible Budget at80% Capacity53,750$295,62553,750$ 349,375ActualResults50,000$ 354,500Exercise 21-18 (Algo) Volume and controllable variances LO P4(1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable.(2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. Complete this question by entering your answers in the tabs below.Required 1 Required 2Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. (Indicate the effect of thevariance by selecting favorable, unfavorable, or no variance.)Budgeted (flexible) overheadActual total overheadControllable varianceRequired 1 Required 2Controllable varianceComplete this question by entering your answers in the tabs below.Standard overhead appliedBudgeted (flexible) overheadVolume varianceCompute the overhead volume variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance byselecting favorable, unfavorable, or no variance.)Volume Variance.UnfavorableAnswer is not complete.✓Required 1Required 2>

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Description: Please do not give solution in image format thanku Use the following information for the Exercises below. (Algo)[The following information applies to the questions displayed below.]Manuel Company predicts it will operate at 80% of its productive capa

Calculation of overhead volume variance and controllable variance are as follows. An Overhead…

Business

Accounting

Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Production (in units) Overhead Variable overhead Fixed overhead Total overhead Flexible Budget at 80% Capacity 53,750 $295,625 53,750 $ 349,375 Actual Results 50,000 $ 354,500

Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Production (in units) Overhead Variable overhead Fixed overhead Total overhead Flexible Budget at 80% Capacity 53,750 $295,625 53,750 $ 349,375 Actual Results 50,000 $ 354,500

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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