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I don't Understand why my two incorrect answers are wrong QUESTION 3 Partially correct Mark 5.00 out of 7.00 P Flag question Variable Overhead Variances
I don't Understand why my two incorrect answers are wrong
QUESTION 3 Partially correct Mark 5.00 out of 7.00 P Flag question Variable Overhead Variances Morgan Tax Company considers 6,000 direct labor hours or 300 tax returns its normal monthly capacity. Its standard variable overhead rate is $12 per direct labor hour. During the current month, $60,400 of variable overhead cost was incurred in working 5,600 direct labor hours to prepare 270 tax returns. Determine the following variances, and indicate whether each is favorable or unfavorable: Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Variable Overhead Variances Actual cost: Split cost: Standard cost: a. Variable overhead spending $ b. Variable overhead efficiency 4800U $60,400 $67,200 $72,000X 6,800 FStep by Step Solution
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