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Company manufactures shirts. During June, Tipton made 1,200 shirts but had budgeted production at 1,400 shirts. Tipton gathered the following additional data: Calculate the following
Company manufactures shirts. During June, Tipton made 1,200 shirts but had budgeted production at 1,400 shirts. Tipton gathered the following additional data:
Calculate the following variances:
13. | Variable overhead cost variance | 16. | Fixed overhead cost variance | |
14. | Variable overhead efficiency variance | 17. | Fixed overhead volume variance | |
15. | Total variable overhead variance | 18. | Total fixed overhead variance |
Tipton Company manufactures shirts. During June, Tipton made 1,200 shirts but had budgeted production at 1,400 shirts. Tipton gathered the following additional data: (Click on the icon to view the data.) Read the ! 13. Calculate the variable overhead cost variance. Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U). Data table Requirements Calculate the following variances: 13. Variable overhead cost variance 16. Fixed overhead cost variance 14. Variable overhead efficiency variance 17. Fixed overhead volume variance 15. Total variable overhead variance 18. Total fixed overhead variance
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