FIXED OVERHEAD VARIANCES Refer to Exercise 21-34. Assume that the actual fixed overhead was $420,000. Budgeted fixed
Question:
FIXED OVERHEAD VARIANCES Refer to Exercise 21-34. Assume that the actual fixed overhead was $420,000. Budgeted fixed overhead was $405,000, based on practical capacity of 33,750 direct labor hours.
Required:
. Calculate the standard fixed overhead rate based on budgeted fixed overhead and practical capacity.
. Compute the fixed overhead spending and volume variances.
Exercise
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Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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