Esquire Clothing allocates fixed manufacturing overhead to each suit using budgeted direct manufacturing labour-hours (DMLH) per suit.
Question:
Esquire Clothing allocates fixed manufacturing overhead to each suit using budgeted direct manufacturing labour-hours (DMLH) per suit. Data pertaining to fixed manufacturing overhead costs for June 2013 are $62,400 budgeted and $63,916 actual.
REQUIRED
1. Compute the rate variance for fixed manufacturing overhead. Comment on these results.
2. Compute the production-volume variance for June 2013. What inferences can Esquire Clothing draw from this variance?
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1 2 Fixed Manufacturing Overhead Variance Analysis for Esquire Clothing for June ...View the full answer
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Related Book For 
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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