Question
AC Ltd determined that its variable overhead spending variance was $12,000 unfavourable for the year. Actual variable overhead was $116,500 for the year. Variable overhead
AC Ltd determined that its variable overhead spending variance was $12,000 unfavourable for the year. Actual variable overhead was $116,500 for the year. Variable overhead is applied based on machine hours. The standard rate per machine hour was $11. The standard quantity of machine hours allowed for good output was 9,000. What was the actual quantity of machine hours used?
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The variable overhead spending variance is calculated as the difference between the actual variable ...
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Management Accounting
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen
6th Edition
0077185536, 978-0077185534
