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Question 3: (18 marks total) Hollywood Jewelers planned to produce 900 units during April with...

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Question 3: (18 marks total) Hollywood Jewelers planned to produce 900 units during April with a total overhead budget of $12,400. However, while manufacturing the 1,000 units the microcomputer that contained the month's cost information broke down. With the computer out of commission, the accountant has beer unable to complete the variance analysis report. The information missing from the report is lettered in the following set of data: Variable overhead: Standard cost per unit: 0.4 labour hour at $4 per hour Actual costs: $2,100 for 376 hours Flexible budget: a Total flexible-budget variance: b Variable overhead rate variance: Variable overhead efficiency varianced Fixed overhead: Budgeted costs: Actual costs: Flexible-budget variance: $500 favourable O BI

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