Compute all of the fixed oh variances

Reference no: EM132735219

Different management levels in Wates, Inc., require varying degrees of managerial accounting information. Because of the need to comply with the managers' requests, four different variances for manufacturing overhead are computed each month.

The information for the September overhead expenditures is as follows:

Budgeted output units3,000units
Budgeted fixed manufacturing overhead$21,000
Budgeted variable manufacturing overhead $5 per direct labor hour
Budgeted direct manufacturing labor hours 2 hours per unit
Fixed manufacturing costs incurred $26,000
Direct manufacturing labor hours used 7,200
Variable manufacturing costs incurred $35,600
Actual units manufactured 3,400

Required:

Problem 1: Compute all of the Fixed OH variances

Reference no: EM132735219

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