The company incurred the following actual costs when it operated at 75% of capacity in...
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The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,00 Ibs. $6.10 per lb.) Direct labor (21,000 hrs. $11.20 per hr.) Overhead costs $ 372,100 235,200 Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Hachinery Taxes and insurance Supervision 41,600 176,950 17,250 34,500 23,000 4,500 16,200 225,750 629,75e Total costs $1,237,050 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Fav. / Unfav Variable costs Fixed costs 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead ANTUAN COMPANY Overhead Variance Report For Month Ended 0ctober 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Fav./ Unfav Variable costs Fixed costs Total overhead costs 20
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