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2. (23 points) Everjoice Company makes clocks. The fixed annual budget overhead costs for 2018 total $720,000. The company uses direct labor-hours for fixed overhead allocation and anticipates 240,000 hours during the year for 480,000 units. An equal number of units are budgeted for each month. (3 points) Determine the annual fixed: (Show your work immediately to the right of responses to earn points) Quantity of driver per clock: Overhead rate per driver: Fixed cost per unit: (10 points) During June 2018, 43,000 clocks were produced and $63,000 were spent on fixed overhead. Compute the respective fixed manufacturing overhead variance(s). Show your work, neatly! Variance name: Variance name: Variance amount: Variance amount: Circle: F UF Circle: F UF (12 points) Capture the respective variance(s) with journal entries and close to cost of goods sold.

          2. (23 points) Everjoice Company makes clocks. The fixed annual budget overhead costs for 2018 total $720,000.
The company uses direct labor-hours for fixed overhead allocation and anticipates 240,000 hours during the
year for 480,000 units. An equal number of units are budgeted for each month.
(3 points) Determine the annual fixed: (Show your work immediately to the right of responses to earn points)
Quantity of driver per clock:
Overhead rate per driver:
Fixed cost per unit:
(10 points) During June 2018, 43,000 clocks were produced and $63,000 were spent on fixed overhead.
Compute the respective fixed manufacturing overhead variance(s). Show your work, neatly!
Variance name:
Variance name:
Variance amount:
Variance amount:
Circle: F UF
Circle: F UF
(12 points) Capture the respective variance(s) with journal entries and close to cost of goods sold.

2. (23 points) Everjoice Company makes clocks. The fixed annual budget overhead costs for 2018 total 720,000.
The company uses direct labor-hours for fixed overhead allocation and anticipates 240,000 hours during the
year for 480,000 units. An equal number of units are budgeted for each month.
(3 points) Determine the annual fixed: (Show your work immediately to the right of responses to earn points)
Quantity of driver per clock:
Overhead rate per driver:
Fixed cost per unit:
(10 points) During June 2018, 43,000 clocks were produced and63,000 were spent on fixed overhead.
Compute the respective fixed manufacturing overhead variance(s). Show your work, neatly!
Variance name:
Variance name:
Variance amount:
Variance amount:
Circle: F UF
Circle: F UF
(12 points) Capture the respective variance(s) with journal entries and close to cost of goods sold.

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