Essay
Instant Manufacturing Company has the following information for this year. Standard factory overhead based on normal monthly activity of 40,000 direct labor-hours for 40,000 units is:
Actual costs for 38,000 labor-hours were $196,000, of which $76,000 was fixed. Actual production was 38,400 units.
Calculate the following variances:
a. Variable overhead spending
b. Variable overhead efficiency
c. Fixed overhead budget
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a. Actual variable cost - (AQ x SR) = ($...View Answer
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