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Gourmet Foods Ltd. applies manufacturing overhead based on machine hours. The following information is available for the month: Total machine hours worked: 5,000 Actual manufacturing
- Gourmet Foods Ltd. applies manufacturing overhead based on machine hours. The following information is available for the month:
- Total machine hours worked: 5,000
- Actual manufacturing overhead costs: $80,000
- Predetermined overhead rate: $15 per machine hour
Calculate the overhead applied and the overhead variance for the month.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
