Please do not give solution in image format thanku Requirea information[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 allocationbase is 0.5 DLH per unit. The company reports the following for this period.Production (in units)OverheadVariable overheadFixed overheadTotal overheadRequired 1Required 2(1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable.(2) Compute the overhead controllable variance. Indicate variance as favorable orunfavorable.Flexible Budget at80% Capacity54,000Complete this question by entering your answers in the tabs below.Standard overhead appliedBudgeted (flexible) overheadVolume varianceRequired 1 Required 2$ 297,00054,000$351,000Compute the overhead volume variance. Indicate variance as favorable or unfavorable.Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.Actual total overheadBudgeted (flexible) overheadControllable varianceActualResults50,400Volume Variance$ 357,800$ 327,600Compute the overhead controllable variance. Indicate variance as favorable or unfavorable.Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.Controllable variance

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Description: Please do not give solution in image format thanku Requirea information[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

Overhead variance can be divided into two.Overhead volume variance and overhead controllable…

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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 54,000 $ 297,000 54,000 $ 351,000 Actual Results 50,400 $ 357,800 (1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable.

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 54,000 $ 297,000 54,000 $ 351,000 Actual Results 50,400 $ 357,800 (1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 38BEB: Mulliner Company showed the following information for the year: Required: 1. Calculate the standard...

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