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Compute the xed overhead budget and the volume variances for the month. (Round intermediate calculations to the nearest whole dollar amount....

Solve the questions below about the fixed overhead budget variance and volume. Also, solve for the total variable and total fixed variance.1.jpg1.2.jpg

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4. Compute the fixed overhead budget and the volume variances for the month. (Round intermediate
calculations to the nearest whole dollar amount. Indicate the efi'ect of each variance by selecting
"F" for favorable, "u" for unfavorable, and "None“ for no effect (i.e., zero variancei.) Fixed overhead budget variance Fixed ovemead volume variance 5. Compute the underapplied or overapplied overhead for the month. [Round intermediate calculations
and round final answer to 2 decimal places. Indicate the efiect or each variance by selecting "F"
for favorable, "U" [or unfavorable, and "None" for no el‘fect (i.e., zero variance” Total variable overhead variance Total fixed overhead variance

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value 10.00 points Huron Company produces a commercial cleaning compound known as Zoom
direct labour standards for one unit of Zoom follow: Standard Quantity Standard Price
or Hours or Rate
Direct materials 4.30 kilograms S 1.90 per kilogram
Direct labour 0.38 hour $ 8.00 per hour
Variable overhead 0.38 hour 3 1.30 per hour . The direct materials and Standard
Cost $ 8.17 3.04 0.49 The budgeted fixed overhead cost is $15,208 per month. The denominator activity level of the allocation base is 874 direct labour-hours. During the most recent month, the following activity was recorded:
a.9,400 kilograms of material were purchased at a cost of $2.22 per kilogram.
b.AI| of the material purchased was used to produce 2,300 units of Zoom. c. A total of 820 hours of direct labour time was recorded at a total labour cost of 9,266.
d.The variable overhead cost was $1 ,640, and the fixed overhead cost was $17,366.

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