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Calculate the unexpected capacity variance for hmc

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Reference no: EM132517561

Haives Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 85,000 units per year. Budgeted and actual results for the most recent year follow:

                                                              Budgeted                Actual

Fixed manufacturing overhead            $599,250          $575,000
Number of units produced              75,000                  80,000

Required:

Question 1. Calculate the fixed overhead rate based on practical capacity for HMC. (Round your answer to 2 decimal places.)

Question 2. Calculate the fixed overhead spending variance for HMC.(Round Fixed overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Question 3. Calculate the expected (planned) capacity variance for HMC.(Round Fixed overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Question 4. Calculate the unexpected (unplanned) capacity variance for HMC.(Round Fixed overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Reference no: EM132517561

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