dont give answer in image format Patel and Sons Incorporated uses a standard cost system to apply factory overhead costs to units produced. Practicalcapacity for the plant is defined as 50,000 machine hours per year, which represents 25,000 units of output. Annualbudgeted fixed factory overhead costs are $250,000 and the budgeted variable factory overhead cost rate is $4 per unit.Factory overhead costs are applied on the basis of standard machine hours allowed for units produced. Budgeted andactual output for the year was 20,000 units, which took 41,000 machine hours. Actual fixed factory overhead costs for theyear amounted to $245,000, while the actual variable overhead cost per unit was $3.90.Brief Exercise 15-21 (Static) Calculate and label the following factory overhead.... [LO 15-2]Based on the information provided above, calculate the following factory overhead variances for the year. Indicate whether eachvariance is favorable (F) or unfavorable (U). (Do not round intermediate calculations. Round your answers to the nearest wholedollar amount.)(a) Total overhead variance(b) Total flexible budget vanance(c) Production volume variance

Name: dont give answer in image format Patel and Sons Incorporated uses a st
Uploaded: 2024-03-20T06:33:06.000Z
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Description: dont give answer in image format Patel and Sons Incorporated uses a standard cost system to apply factory overhead costs to units produced. Practicalcapacity for the plant is defined as 50,000 machine hours per year, which represents 25,000 units of