Overhead Variances (L.0.1, L.0.2): Hyperspace, Inc., shows the following overhead information for the current period: Required: What
Question:
Overhead Variances (L.0.1, L.0.2): Hyperspace, Inc., shows the following overhead information for the current period:
Required:
What are the variable overhead price and efficiency variances and the fixed overhead price variance?
Transcribed Image Text:
Actual overhead incurred Budgeted fixed overhead Standard variable overhead rate per direct labor-hour Standard hours allowed for actual production Actual labor-hours used $12,600, of which $3,500 is fixed and $9,100 is variable 3,300, $3,000 direct labor-hours budgeted 3 3,500 hours 3,200
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