The Following Data for November Have Been Provided by Mazzio

question 29

Essay

The following data for November have been provided by Mazzio Corporation, a producer of precision drills for oil exploration:
$$\begin{array} { l c } \text { Budgeted production } & 4,000 \mathrm { drills } \\\text { Standard machine-hours per drill } & 8.4 \text { machine-hours } \\\text { Standard indirect labor } & \$ 9.40 \text { per machine-hour } \\\text { Standard power } & \$ 2.90 \text { per machine-hour } \\& \\\text { Actual production } & 4,300 \text { drills } \\\text { Actual machine-hours } & 36,530 \text { machine-hours } \\\text { Actual indirect labor } & \$ 362,756 \\\text { Actual power } & \$ 97,693\end{array}$$
Required:
Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U). Show your work.

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Definitions:

Language Abilities

The capacity to understand, produce, and use complex systems of communication, particularly the human ability to do so.

Right Hemisphere

The half of the brain that controls the left side of the body, specialized in spatial abilities, face recognition, and processing music and art.

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The units of hereditary information, consisting of short segments of chromosomes composed of DNA.

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Large, complex molecules that play many critical roles in the body, including building tissues, cells, and muscle, as well as performing vital functions in cell signaling and immune responses.