Sandhill Company produces one product, a putter called GO-Putter. Sandhill uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 105,000 units per year. The total budgeted overhead at normal capacity is $945,000 comprised of $420,000 of variable costs and $525,000 of fixed costs. Sandhill applies overhead on the basis of direct labor hours. During the current year, Sandhill produced 80,100 putters, worked 83,600 direct labor hours, and incurred variable overhead costs of $244,180 and fixed overhead costs of $500,900. (a) Your answer is correct. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to 2 decimal places, e.g. 2.75.) eTextbook and Media Attempts: 1 of 3 used (b) Compute the applied overhead for Sandhill for the year. Overhead Applied $ (c) F Your answer is incorrect. Compute the total overhead variance. Total Overhead Variance $ eTextbook and Media Attempts: 1 of 3 used Your answer is partially correct. The standard cost of Product B manufactured by Sheridan Company includes 3.5 units of direct materials at $5.40 per unit. During June, 27,300 units of direct materials are purchased at a cost of $5.15 per unit, and 27,300 units of direct materials are used to produce 7,600 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance $ Materials quantity variance $ (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.15 and the quantity purchased and used is 26,300 units. Total materials variance $ Materials price variance $ Materials quantity variance $ eTextbook and Media Last saved 14 hours ago. Attempts: 2 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes
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