In addition to the information for Acme Company in Mini-Exercises 15.1 and 15.2, the standard variable overhead
Question:
In addition to the information for Acme Company in Mini-Exercises 15.1 and 15.2, the standard variable overhead rate per unit consists of $6 per machine hour and each unit is allowed a standard of 1 hour of machine time. During August, $115,940 of actual variable overhead cost was incurred for 18,700 machine hours.
Required:
Calculate the variable overhead spending variance and the variable overhead efficiency variance.
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Original Budget Flexed Budget Actual Variance Variable overhead 105000 102000 115940 13940 U ...View the full answer
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
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