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# Sedona Company set the following standard costs for one unit of its product for this year...

## Question

###### Sedona Company set the following standard costs for one unit of its product for this year...

Sedona Company set the following standard costs for one unit of its product for this year Direct material (15 Ibs. 9 $3.40 per Ib.) Direct labor (10 hrs. @$9.70 per hr.) Variable overhead (10 hrs. @ 14.90 per hr.) Fixed overhead (10 hrs. @ $2.89 per hr.) Total standard cost$ 51. 97.00 49.80 28.88 $217.00 The$6.90 ($4.90 +$2.00) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 59,000 units per month. The following monthly flexible budget information is also available. Operating Levels (% of capacity 65% 7ex 75% 38,358 41,300 44,250 383,500 413,000 442,500 Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) Variable overhead Fixed overhead Total overhead $1,879,150 826,000$2,705,150 $2,023,7ee 826,eee$2,849,700 $2,168, 258 826, eee$2,994,250 During the current month, the company operated at 65% of capacity employees worked 365,000 hours, and the following actual overhead costs were incurred. Variable overhead costs $1,816,089 Fixed overhead costs 899,050 Total overhead costs$2,715,050
Variable overhead costs $1,816,000 Fixed overhead costs 899,050 Total overhead costs$2,715,050 (1) Compute the predetermined overhead application rate per hour for total overhead, variable overhead, and fixed overhead. Predetermined OH Rate Variable overhead costs Fixed overhead sts Total overhead costs (2) Compute the total variable and total fixed overhead variances and classify each as favorable or unfavorable. (Indicate the effect of each varia selecting for favorable, unfavorable, and no variance. Round "Rate per hour answers to 2 decimal places.) At 65% of Operating Capacity Standard DL Overhead Costs Hours Applied Actual Results Variance Bay Alla Variable overhead costs Fixed overhead costs Total overhead costs 89 of 17

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