Answer:
1. $235,600
2. $13,320 favorable
3. $159,960 Unfavorable
4-a. Maxwell spent more than anticipated for fixed overhead
b. $44,120
Explanation:
The computation of given question is shown below:-
1. Budgeted fixed overhead = Planned activity × Standard fixed overhead rate per hour
= 19,000 x $12.40
= $235,600
2. Variable Overhead Spending Variance = (Actual machine hours × Standard variable rate per hour) - Actual Variable Overhead
= 22,200 × $7.50 - $153,180
= $13,320 favorable
3. Fixed Overhead Volume Variance = Budgeted fixed overhead - Actual production × Standard hours for actual output × Standard fixed overhead rate per hour
= $235,600 - 6,100 × $12.40
= $159,960 Unfavorable
Note: Two completed units per machine hour
So, Standard hours for actual output = 12,200 ÷ 2
= 6,100
4-a. Maxwell spent more than anticipated for fixed overhead
b. Difference = Actual total overhead - Actual variable overhead - Budgeted fixed overhead
($432,900 - $153,180) - $235,600
= $44,120
