Refer to the information for CandleGlow in PB 10-1. Required: Compute the following for CandleGlow: 1. Fixed

Question:

Refer to the information for CandleGlow in PB 10-1.

Required:

Compute the following for CandleGlow:

1. Fixed overhead spending variance.

2. Fixed overhead volume variance.

3. Total over- or underapplied fixed manufacturing overhead.

Data from PB10-1

CandleGlow, Inc., manufactures scented pillar candles. Its standard cost information for the month of February follows:

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CandleGlow has the following actual results for the month of February:

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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Question Posted: May 15, 2024 08:03 AM

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Refer to the information for CandleGlow in PB 10-1. Required: Compute the following for CandleGlow: 1. Fixed

Question:

Direct costs Wax Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($10,000/40,000 units) Standard Quantity Standard Price (Rate) Standard Unit Cost 15 oz. $ 0.05 per oz. $0.75 0.25 hr. 14.00 per hr. 3.50 0.40 per direct labor hour 0.10 0.25

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Managerial Accounting

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