(Appendix 11A)Faessler Corporation Applies Overhead to Products Based on Machine-Hours

question 57

Essay

(Appendix 11A)Faessler Corporation applies overhead to products based on machine-hours.The denominator level of activity is 6, 500 machine-hours.The budgeted fixed manufacturing overhead costs are $242, 450.In July, the actual fixed manufacturing overhead costs were $242, 490 and the standard machine-hours allowed for the actual output were 7, 000 machine-hours.
Required:
a.Compute the budget variance for July.Show your work!
b.Compute the volume variance for July.Show your work!

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Definitions:

Gen Y Employees

Employees belonging to Generation Y, also known as Millennials, born approximately between 1981 and 1996, known for their tech-savvy and values-driven approach to work.

Veteran and Boomer Generations

Refer to distinct cohorts born between the early 1900s to the 1960s, each with unique values, attitudes, and workplace behaviors.

Rapport Talk

A style of communication used to build relationships, trust, and camaraderie between people.

Emotional Level

The intensity or degree of emotions connected to an experience, expression, or interaction.