The Following Selected Information Was Extracted from the Accounting Records

Essay

The following selected information was extracted from the accounting records of Comprehensive Technologies, Inc.: Planned manufacturing activity: 40,000 machine hours Standard variable-overhead rate per machine hour: $16 Budgeted fixed overhead: $100,000 Variable-overhead spending variance: $92,000U Variable-overhead efficiency variance: $102,000F Fixed-overhead budget variance: $25,000U Total actual overhead: $675,000 Required: Determine the following: actual fixed overhead, actual variable overhead, actual machine hours worked, standard machine hours allowed for actual production, and the fixed-overhead volume variance.