Question
Holl Corporation has provided the following data for November. Denominator level of activity 5,400 machine-hours Budgeted fixed manufacturing overhead costs $ 66,960 Standard machine-hours allowed
Holl Corporation has provided the following data for November.
| Denominator level of activity | 5,400 | machine-hours | |
| Budgeted fixed manufacturing overhead costs | $ | 66,960 | |
| Standard machine-hours allowed for the actual output | 5,700 | machine-hours | |
| Actual fixed manufacturing overhead costs | $ | 65,880 | |
Required:
a. Compute the budget variance for November.
b. Compute the volume variance for November.
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
