EXERCISE 11-13 (15 MINUTES)

2. and 3.

Actual Fixed

Overhead Cost Budgeted Fixed Over-

head Cost Fixed Overhead Cost Applied

to Work in Process

$198,700* $200,000 38,000 hours × $5 per hour*

= $190,000

↑ _{↑ ↑}

Budget Variance,

$1,300 F Volume Variance,

$10,000 U*

*Given.