Requlred Information [The following information applies to the questions displayed below.] Sedona Company set the...
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Requlred Information [The following information applies to the questions displayed below.] Sedona Company set the following standard costs for one unit of its product for this year. The $5.80($4.10+$1.70) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 35,700 units, which is 70% of the factory's capacity of 51,000 units per month. The following monthly flexible budget information is available. During the current month, the company operated at 65% of capacity, direct labor of 320,000 hours were used, and the following actual overhead costs were incurred. . Compute the total variable overhead variance and identify it as favorable or unfavorable. (Indlcate the effect of the varlence by electing favorable, unfevorable, or no varlance.) -. Compute the total fixed overhead variance and identify it as favorable or unfavorable. (Inclcate the effect of the varlence by electing favorable, unfevorable, or no varlence.)
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