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Do in excel please! Foxwood Corporation uses a cost system for its production process and applies overhead based on direct labor hours. The following information
Do in excel please!
Foxwood Corporation uses a cost system for its production process and applies overhead based on direct labor hours. The following information is available for January when they produced 4, 500 units: Standard: DLH per unit 2.50 hrs variable overhead per DLH dollar 1.75 Fixed overhead per DLH dollar 3.10 Budgeted variable overhead dollar 21, 875 Budgeted fixed overhead dollar 38, 750 Budgeted DLH 12, 500 hrs Actual Direct labor hours 10,000 DLH Variable overhead cost dollar 26, 250 Fixed overhead cost dollar 38,000 Total variable overhead variance is dollar 6.562.50U. Total fixed overhead variance is dollar 3.125U INSTRUCTIONS: Using the four-variance approach, calculate the: i) Variable overhead speuding variance 2) Variable overhead efficiency variance 3) Fixed overhead spending variance 4) Fixed overhead volume varianceStep by Step Solution
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