TOTAL FIXED OVERHEAD VARIANCE A company provided the following data: Standard fixed overhead rate (SFOR) $7 per

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TOTAL FIXED OVERHEAD VARIANCE A company provided the following data:

Standard fixed overhead rate (SFOR) $7 per direct labor hour Actual fixed overhead costs $250,895 Standard hours allowed per unit 3 hours Actual production 12,000 units Required:

. Calculate the standard hours allowed for actual production.

. Calculate the applied fixed overhead.

. Calculate the total fixed overhead variance.

Cornerstone 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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