Question
1.Bronco Company applies overhead based on direct labor hours. The variable overhead standard is 10 hours at $3.50 per hour. During October, Bronco Company spent
1.Bronco Company applies overhead based on direct labor hours. The variable overhead standard is 10 hours at $3.50 per hour. During October, Bronco Company spent $157,600 for variable overhead. 47,440 labor hours were used to produce 4,800 units. What is the variable overhead efficiency variance?
2.The production forecast of Sleeping Bears Inc. for the next three months is as follows: July 5,700 units, August 7,300 units, September 7,900 units. Monthly manufacturing overhead is budgeted to be $17,200 plus $6 per unit produced. What is budgeted manufacturing overhead for July?
3.Lakers Company produces fishing rods. Budgeted sales for March are 10,600 units. Beginning finished goods inventory in March is budgeted to be 1,900 units, and ending finished goods inventory is budgeted to be 1,800 units. How many units will be produced in March?
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