The following partial information is contained in the variance analysis received from the Western Plant of Eastlawn Company. All plants at Eastlawn apply overhead on the basis of direct labor-hours Flexible budget for variable overhead based on 3,640 direct labor-hours Actual total overhead incurred Actual direct labor-hours worked Direct labor-hours used to determined the fixed overhead application rate Price variance for variable overhead Price variance for fixed overhead Required: a. Prepare a variable overhead analysis. b. Prepare a fixed overhead analysis. $ 101,920 510,300 3,772 3,390 $ 7,150 F $ 11,814 U Complete this question by entering your answers in the tabs below. Required A Required B Prepare a fixed overhead analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Price variance 11,814 บี Production volume variance F Fixed overhead total variance F

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following partial information is contained in the variance analysis received from the Western Plant of Eastlawn Company. All plants at Eastlawn apply overhead on the basis of direct labor-hours Flexible budget for variable overhead based on 3,640 direct labor-hours Actual total overhead incurred Actual direct labor-hours worked Direct labor-hours used to determined the fixed overhead application rate Price variance for variable overhead Price variance for fixed overhead Required: a. Prepare a variable overhead analysis. b. Prepare a fixed overhead analysis. $ 101,920 510,300 3,772 3,390 $ 7,150 F $ 11,814 U Complete this question by entering your answers in the tabs below. Required A Required B Prepare a fixed overhead analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Price variance 11,814 บี Production volume variance F Fixed overhead total variance F
The following partial information is contained in the variance analysis received from the Western Plant of Eastlawn Company. All plants at Eastlawn apply overhead on the basis of direct labor-hours.

- **Flexible budget for variable overhead based on 3,640 direct labor-hours:** $101,920
- **Actual total overhead incurred:** $510,300
- **Actual direct labor-hours worked:** 3,772
- **Direct labor-hours used to determine the fixed overhead application rate:** 3,390
- **Price variance for variable overhead:** $7,150 F (Favorable)
- **Price variance for fixed overhead:** $11,814 U (Unfavorable)

**Required:**
a. Prepare a variable overhead analysis.
b. Prepare a fixed overhead analysis.

**Instructions:**
- Complete this question by entering your answers in the tabs below.

**Prepare a fixed overhead analysis.**
- Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.

| Price variance                 | $11,814 | U |
|-------------------------------|---------|---|
| Production volume variance    |         | F |
| Fixed overhead total variance |         | F |
Transcribed Image Text:The following partial information is contained in the variance analysis received from the Western Plant of Eastlawn Company. All plants at Eastlawn apply overhead on the basis of direct labor-hours. - **Flexible budget for variable overhead based on 3,640 direct labor-hours:** $101,920 - **Actual total overhead incurred:** $510,300 - **Actual direct labor-hours worked:** 3,772 - **Direct labor-hours used to determine the fixed overhead application rate:** 3,390 - **Price variance for variable overhead:** $7,150 F (Favorable) - **Price variance for fixed overhead:** $11,814 U (Unfavorable) **Required:** a. Prepare a variable overhead analysis. b. Prepare a fixed overhead analysis. **Instructions:** - Complete this question by entering your answers in the tabs below. **Prepare a fixed overhead analysis.** - Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. | Price variance | $11,814 | U | |-------------------------------|---------|---| | Production volume variance | | F | | Fixed overhead total variance | | F |
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