Answer Happy

Bullseye Company manufactures dartboards. Its standard cost information follows: Standard Standard. Quantity Price (Rate) Standard. Unit Cost 2.40 sq. ft. $2.88 0.90 hrs. 8.10 1. Direct materials (cork. board) Direct labor Variable manufacturing. overhead (based on direct labor hours) Fixed manufacturing overhead ($22,250/89,000) Bullseye has the following actual results for the month of September: 2. 3. Number of units produced and sold $1.20 per sq. ft. $9.00 per hr. 0.90 hrs. $0.60 per hr. 68,000 Number of square feet of 168,200 corkboard used Cost of corkboard used $170,200 Number of labor hours worked 73,000 Direct labor cost Variable overhead cost Fixed overhead cost Required: 1. Calculate the fixed overhead spending variance for Bullseye. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Fixed Overhead Spending Variance 2. Calculate the fixed overhead volume variance for Bullseye. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) 3. Calculate the total over- or underapplied fixed manufacturing overhead for Bullseye. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Fixed Overhead Volume Variance Total Fixed Overhead Variance $108,000 $112,750 $ 27,000 0.54 0.25