Allegiant Company Uses Standard Costing A $\quad$ Calculate the Fixed Overhead Rate

question 2

Essay

Allegiant Company uses standard costing.Overhead is applied to products on the basis of standard direct labour hours for actual production.Data for Allegiant follows: $\begin{array}{ll}\text { Standard direct labour hours allowed for actual output } & 100,000 \\\text { Actual direct labour hours } & 125,000 \\\text { Direct labour hours budgeted in the master budget } & 140,000 \\\text { Budgeted total fixed overhead cost } & \$ 280,000 \\\text { Actual fixed overhead cost } & \$ 300,000\end{array}$ A. $\quad$ Calculate the fixed overhead rate.
B. $\quad$ Calculate the total fixed overhead applied to production.
C. $\quad$ Calculate the fixed overhead spending variance.
D. $\quad$ Calculate the fixed overhead volume variance.
E. $\quad$ Calculate the total fixed overhead variance.

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Definitions:

Gender

Socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse people.

Contingency Model

A leadership theory that suggests the effectiveness of a leader depends on the context of the situation and the leader’s ability to adapt to it.

Task-oriented Leader

A leader who focuses primarily on the completion of tasks and achieving specific goals through organization and directive strategies.

Relationship-oriented Leader

A leader who focuses on developing good relationships with their team members and is concerned with their workers' emotions and needs.