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Calculate the fixed overhead variances for peggy eyes inc

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Reference no: EM132939903

The following standard costs are for Peggy's Eyes Inc., a company that manufactures sunglasses:

                          Standard Cost per Unit          Total

Fixed overhead    10 hours @ $11 per hour      $ 110

Overhead is applied to products on the basis of standard direct labor hours for actual production.

The following information is available regarding the company's operations for the period:

Actual units produced 12,100 units

Total actual direct labor hours88,000 hours

Actual fixed manufacturing overhead incurred $1,090,000

Budgeted fixed manufacturing overhead for the period $1,188,000

Budgeted units for the period 10,800 units

Required:

Problem 1: Calculate the fixed overhead variances.

Reference no: EM132939903

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