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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 44
Factory overhead variance corrections
The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 100,000 units of product are as follows:
Productive capacity at 100% of normal was 130,000 hours, and the factory overhead cost budgeted at the level of 132,000 standard hours was $956,000. Based on these data, the chief cost accountant prepared the following variance analysis:
Identify the errors in the factory overhead cost variance analysis.
The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 100,000 units of product are as follows:
Productive capacity at 100% of normal was 130,000 hours, and the factory overhead cost budgeted at the level of 132,000 standard hours was $956,000. Based on these data, the chief cost accountant prepared the following variance analysis:
Identify the errors in the factory overhead cost variance analysis.
Explanation
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Errors identified in the cost variance a...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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