Different management levels at JKL Inc requires varying degrees of managerial accounting information. Because of the need to comply with the managers’ requests, four different variances for manufacturing overhead are computed each month. The info for September overhead expenditures is as follows:
Budgeted Output units 6,400 units Budgeted fixed manufacturing overhead $25,600Budgeted variable manufacturing overhead $3 per Direct labor hour Budgeted direct manufacturing labor hours 2 hours per unit Fixed Manufacturing costs incurred $27,000Direct manufacturing labor hours used 12,000Variable manufacturing costs incurred $35,600Actual Units manufactured 6,500Required: Compute a 4-variance analysis for the plant controller