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Hi there. I would like some help with the following problem for an accounting course. Please show work! Gleason Guitars produces acoustic guitars. The table
Hi there. I would like some help with the following problem for an accounting course. Please show work!
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Actual Costs 625 units Spending Variance Flexible Budget 625 units $ 56,250 Volume Variance Master Budget 200 units $ $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 19,500 $ 30,200 12,250 15,500 77,450 36,750 F U LU U LU 18,000 26,000 12,000 13,000 69,000Step by Step Solution
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