Reference no: EM132516176
Mercuri Company has gathered the following information:
Variable manufacturing overhead costs$13,050
Fixed manufacturing overhead costs$10,080
Normal production level in labour hours9,000
Standard labour hours9,500
- During the year, 3,040 units were produced, 10,900 hours were worked, and the actual manufacturing overhead was $21,100. Actual fixed overhead totalled $10,140.
- Mercuri applies overhead based on direct labour hours.
Question 1 Calculate the total, fixed, and variable predetermined overhead rates
Question 2 Calculate the fixed manufacturing overhead volume variance.
Question 3 Calculate the fixed overhead spending variance.
Question 4 Calculate the variable overhead price variance.
Question 5 Calculate the variable overhead quantity variance.
Question 6 Calculate total manufacturing overhead variance.
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