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E9-14 (Static) Calculating Fixed Manufacturing Overhead Spending, Volume Variances [LO 9-S1) Lamp Light Limited (LLL)...

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E9-14 (Static) Calculating Fixed Manufacturing Overhead Spending, Volume Variances [LO 9-S1) Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours Information from LLL's standard cost card follows: Standard Standard Standard Quantity Rate Unit Cost Variable manufacturing overhead . During August, LLL had the following actual results Units produced and sold Actual variable overhead Actuh direct labor hours 25,000 $9,490 16,000 Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $32.400 and budgeted production of 24,000 units. Actual results were as follows: Number of units produced and sold Actual fixed overhead 25,000 $ 32,000 Required: 1. Calculate the fixed overhead rate based on budgeted production for LLL 2. Calculate the fixed overhead spending variance for LLL 3. Calculate the fixed overhead volume variance for LLL 4. Calculate the over- or underapplied fixed overhead for LLL Complete this question by entering your answers in the tabs below. Reg Reg 2 and 3 Reg 4 Calculate the fixed overhead rate based on budgeted production for LLL(Round your answer to 2 decimal places.) Fixed Overhead Rate per Unit Reg 2 and 3 >

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