The following information comes from the records of Magno Co.for the current period.
a.Compute the overhead controllable and volume variances.In each case,state whether the variance is favorable or unfavorable.
b.Prepare the journal entries to charge overhead costs to work in process and the overhead variances to their proper accounts. 
Factory overhead (based on budgeted production of 24,500 units)
Variable overhead $2.25/direct labor hour
Fixed overhead $1.95/direct labor hour
Definitions:
Shortness Of Breath
A condition where an individual experiences difficulty breathing or a feeling of being unable to get enough air, medically known as dyspnea.
Thermostat
A device that regulates the temperature of a system or environment.
Purple Wristband
In a healthcare setting, a purple wristband typically indicates a patient has a "do not resuscitate" (DNR) order.
Restrain
The act of holding someone back or restricting their movement, often for safety or control reasons.
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