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how to solve question 89? C) $988,000 D) $1,045,000 Answer: D Level: Medium LO: 5 Use the following to answer questions 87-89: Vette Tie Corporation
how to solve question 89?
C) $988,000 D) $1,045,000 Answer: D Level: Medium LO: 5 Use the following to answer questions 87-89: Vette Tie Corporation has developed the following manufacturing overhead standards to use in applying overhead to the production of its hand-painted silk ties. Manufacturing overhead at Vette is applied to production on the basis of standard direct labor-hours (DLHS) Standard Cost Per Tie Variable overhead (1.1 DLHs@ $14.00 per DLH). Fixed overhead (1.1 DLHS@$8.00 per DLH). $15.40 $8.80 The above standards were based on an expected annual volume of 60,000 ties. The actual results for last year were as follows: 58,000 64,000 $880,000 $525,000 Number of ties produced.... Direct labor-hours worked Variable overhead cost.. Fixed overhead cost.. AH AlM AR 87 What was Vette's yariable overhead spending variance? Sk A) en o00 fo oblo Chapter 11 Flexible Budgets and Overhead Analysis 89. What total amount of manufacturing overhead cost (variable and fixed) did Vette apply to the 58,000 ties produced during the year? A) $1,276,000 B) $1,403,600 C) $1,421,200 D) $1,452,000 Answer: B Level: Medium LO: 5 Use the following to answer questions 90-92: Tantanka Manufacturing Company uses a standard cost system with machine-hours as the information relates to production for last yearStep by Step Solution
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