A company employs standard costing upon in its plant for auto parts. The standard cost for the specific auto part based upon the budgeted level of 1,000 output units for each year, included 4 machine hours of variable manufacturing overhead at $5 for each hour and 4 machine hours of fixed manufacturing overhead at $10 for each hour. Actual output produced was 4,400 units. Variable manufacturing overhead incurred was $145000. Fixed manufacturing overhead incurred was 273000. Actual machine hours were 28400.
Make and analysis of all variable manufacturing overhead variances using the 4-variance analysis approach
Make and analysis of all fixed manufacturing overhead variances using the 4-variance analysis approach