Reference no: EM132492633

Selected information relating to Yost Company's operations for the most recent year is as follows:

Activity:

Denominator activity level (machine-hours)         60,000

Standard hours allowed per unit                            4

Number of units produced                                  16,500

Cost:

Actual fixed overhead costs incurred                     $466,000

Fixed overhead budget variance                             $8,000 F

• The company applies overhead cost to products on the basis of machine-hours.

Required

Question 1: What were the standard hours allowed for the actual production?

Question 2: What was the fixed portion of the predetermined overhead rate? (Round your answer to 2 decimal places.)

Question 3: What was the volume variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)