OH variancesThe manager of the Texas Department of Transportation has determined that it typically takes 30 minutes for the department's employees to register a new car. In Bexar County, thepredetermined fixed overhead rate was computed on an estimated 26,000 direct labor hours per month and is $9 per direct labor hour, whereas the predetermined variable overheadrate is $3 per direct labor hour.During July, 48,880 cars were registered in Bexar County, and 24,700 direct labor hours were worked in registering those vehicles. For the month, variable overhead was $72,020 andfixed overhead was $236,080.Note: In answering the following questions, do not use negative signs with your answers.a. Compute overhead variances using a four-variance approach.VOH Spending VarianceActual VOHBudgeted VOH = VOH Spending Variance2$0 = $F-VOH Efficiency VarianceBudgeted VOHApplied VOH =VOH Efficiency Variance2$2$0 = $UFOH Spending VarianceActual FOHBudgeted FOH= FOH Spending Variance2$0 =O FFOH Volume VarianceBudgeted FOHApplied FOH =FOH Volume Variance$40 = $

Name: OH variancesThe manager of the Texas Department of Transportation has
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: OH variancesThe manager of the Texas Department of Transportation has determined that it typically takes 30 minutes for the department's employees to register a new car. In Bexar County, thepredetermined fixed overhead rate was computed on an estima