(Solution) - Pandom Inc produces chemicals for large biotech companies It has the -(2025 Original AI-Free Solution)

Paper Details

Pandom Inc. produces chemicals for large biotech companies.
It has the following data for manufacturing overhead costs during August 2015:
Variable Fixed
Actual costs incurred......................................$35,700........$18,000
Costs allocated to products................................27,000.........14,400
Flexible budget: Budgeted input allowed for
actual output produced × budgeted rate.................27,000.........15,000
Actual input × budgeted rate..............................31,500.........15,000
Required
Fill in the variances in the table below. Use F for favourable and U for unfavourable.
Variable Fixed
1. Rate variance.............................................$_____........$_____
2. Efficiency variance.......................................$_____........$_____
3. Production-volume variance............................$_____........$_____
4. Flexible-budget variance.................................$_____.......$_____
5. Underallocated manufacturing overhead..............$_____.......$_____