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I just need help with the standard machine hours allowed for actual production and the variable-overhead efficiency variance Thanks! following selected information was extracted from
I just need help with the standard machine hours allowed for actual production and the variable-overhead efficiency variance
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following selected information was extracted from the accounting records of Collins, Inc.: Planned manufacturing activity: 50,000 machine hours Budgeted fixed overhead: $200,000 Fixed-overhead is over-applied by $15,000 Variable-overhead spending variance: $90,000U Fixed-overhead volume variance: $25,000F Total actual overhead: $850,000 Actual hours used: 55,000 Required (PLEASE LABEL ANSWERS CLEARLY AND ORDERLY): Determine the following: actual fixed overhead, actual variable overhead, the fixed spending (budget) variance, the standard machine hours allowed for actual production, the standard variable rate, and the variable-overhead efficiency variance. following selected information was extracted from the accounting records of Collins, Inc.: Planned manufacturing activity: 50,000 machine hours Budgeted fixed overhead: $200,000 Fixed-overhead is over-applied by $15,000 Variable-overhead spending variance: $90,000U Fixed-overhead volume variance: $25,000F Total actual overhead: $850,000 Actual hours used: 55,000 Required (PLEASE LABEL ANSWERS CLEARLY AND ORDERLY): Determine the following: actual fixed overhead, actual variable overhead, the fixed spending (budget) variance, the standard machine hours allowed for actual production, the standard variable rate, and the variable-overhead efficiency varianceStep by Step Solution
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