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Can't figure out the last two answers... McDormand, Inc., reported a $1,700 unfavorable price variance for variable overhead and a $20.000 unfavorable price variance for
Can't figure out the last two answers...
McDormand, Inc., reported a $1,700 unfavorable price variance for variable overhead and a $20.000 unfavorable price variance for fixed overhead. The flexible budget had $1,028,700 variable overhead based on 34,290 direct labor-hours; only 33,930 hours were worked. Total actual overhead was $1,779,600. The number of estimated hours for computing the fixed overhead application rate totaled 37,000 hours. Required: a. Prepare a variable overhead analysis. b. Prepare a fixed overhead analysis. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a variable overhead analysis. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Price variance Efficiency variance Variable overhead cost variance AAA 1,700U 10,800F 9,100F Required A Required B Prepare a fixed overhead analysis. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) $ Price variance Production volume variance Fixed overhead cost variance $ 20,000 163,800 X 163,800 0% U U $Step by Step Solution
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