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ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: (Click the icon to view
ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: (Click the icon to view the data.) Requirement Fill in the blanks. Use F for favorable and U for unfavorable: (Click the icon to view the table.) (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) Variable Fixed - (1) Spending variance Data table (2) Efficiency variance (3) Production-volume variance Variable Fixed (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing overhead Actual costs incurred $ 30,000 $ 15,500 Costs allocated to products 34,000 14.200 Flexible budget 13,000 Actual input * budgeted rate 30,600 Print Done Next
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