Exercise 11-30 Reconstruct Missing Information from Partial Data (LO 11-2, 11-5)You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you werepreparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliteratedinformation from the remaining data. Fill in the missing numbers below. (Indicate the effect of each variance by selecting "Favorable"or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)Standard machine hours per unit of output4 hoursStandard variable-overhead rate per machinehour8.00Actual variable-overhead rate per machine hourActual machine hours per unit of outputBudgeted fixed overheadActual fixed overheadBudgeted production in unitsActual production in unitsVariable-overhead spending varianceVariable-overhead efficiency varianceFixed-overhead budget varianceFixed-overhead volume varianceTotal actual overheadTotal budgeted overhead (flexible budget)Total budgeted overhead (static budget)Total applied overhead$ 50,00025,000$ 72,000 Unfavorable$ 192,000 Favorable$ 15,000 Unfavorable$ 713,000$ 816,000

Name: Exercise 11-30 Reconstruct Missing Information from Partial Data (LO
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Exercise 11-30 Reconstruct Missing Information from Partial Data (LO 11-2, 11-5)You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you werepreparing. Fortunately, knowing that overhead was