Homework Answers
| . | Predetermined overhead rate = Total overhead/number of hours | ||||
| =$58310/4900 hours | |||||
| =$11.9 per hour | |||||
| Budgeted fixed variance = Budgeted overehad - actual overhead cost | |||||
| =$58310-57330 | |||||
| =$980 (F) | |||||
| Fixed overhead volume variance = Overhead absorbed - budgeted overhead | |||||
| =(5200 machine hours *11.9) - $58310 | |||||
| =$3570 (F) | |||||
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