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help please for all the requirements .thank you Grent Fender uses a standard cost system and provide the following intomation: F7 (Clck the ipon it
help please for all the requirements .thank you
Grent Fender uses a standard cost system and provide the following intomation: F7 (Clck the ipon it vien the information.) Great Fender aliocates manufacturing ovethead to production based on standard direct labor hours. Great Fender reported the followirg actial reselt for 2024: actual mumber of fenders produced, 20,000 , actual yariable orerhead, 56,100 , actusl fixed ovethed, $34,000 : actual grect laber hours. 4 act Read the trauifemests fixed overthead volume variance. Gr Date Table illocates manufacturing overhead to production based on standard direct labor hours. Groat Fender reported the following actual results for 2024 actial number of fenders produced, 20,000; actual variable overhead, $6,100; actual frod overtood, 534,000 ; actual drect taboc hours, 420 Read the tequiren Requirement 1. of fixed overhead vo Begin with the var Whether each var actual quantity, Fo VOH cost varian VoH efficiency Data table cretiead efficiancy variance, fixed charhead cost variarice, and viriable overhesd oost and afficiency yararces, and iskntafy the cata provided. Abtreviations used: AC= actual cist hQ= itivisi) Great Fender allocates manufacturing overhead to production based on standard direct labor hours. Great Fender reported the following actual number of fenders produced, 20,000; actual variable overhead, $6,100; actual fixed overhead, $34,000; actual direct labor hourt, 420 . Read the reauiteringts. Requirements Requirent 1 efficiency variance, food on fixed over Begin wit 1. Compute the overhead variances for the year; variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance. and fixed overhead volume variance. 2. Explain why the variances are favorable or untavorable Step by Step Solution
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