Essay
Monte Industries has a standard costing system. The following data are available for July:
a. Actual manufacturing overhead cost incurred: $22000
b. Actual machine hours worked: 1600
c. Overhead volume variance: $3600 Unfavorable
d. Total overhead variance: $2000 Unfavorable
e. Overhead is assigned to production on the basis of machine hours
Instructions
Determine the amount of (1) the controllable overhead variance and (2) the overhead applied.
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