70 Exercise 8-26 (book/static) Question Help ProChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: Variable Fixed Actual costs incurred $35,000 $16,500 Costs allocated to products 36,000 15,200 Flexible budget 16,000 Actual input x budgeted rate 31,500 Required Complete the table for the variable costs, and then for the fixed costs. (If no variance exists leave the dollar value blank. Label the variance as favourable (F), unfavourable (U) or never a variance (N).) Variable (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing overhead Choose from any list or enter any number in the input fields and then click Check

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