Information on Carney Company's fixed overhead costs follows: Overhead applied . . . . . . .
Question:
Information on Carney Company's fixed overhead costs follows:
Overhead applied . . . . . . . . . . . . $360,000
Actual overhead . . . . . . . . . . . . . 385,500
Budgeted overhead. . . . . . . . . . . 369,000
Required
What are the fixed overhead price and production volume variances? (Refer to Exhibit 16.13 for the format touse.)
Transcribed Image Text:
Applied $160,000 Actual Budget $200,000 $195,500 Production volume variance: Price variance: $195,500 $200,000 $160,000 $200,000 = $4,500 F = $40,000 U
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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