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Calculate the variable overhead spending variance. Assume the following: Actual factory overhead = $15,000 Fixed overhead expenses, actual = $7,200 Fixed overhead expenses, budgeted =
Calculate the variable overhead spending variance. Assume the following: Actual factory overhead = $15,000 Fixed overhead expenses, actual = $7,200 Fixed overhead expenses, budgeted = $7,000 Actual hours = 3,500 Standard activity allowed = 3,650 Standard hours = 3,800 Variable overhead rate per direct labor hour = $2.50
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