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I put the entire question on the attached excel. Thanks for help. Megan Corp. The following data are available for the Megan Corp. finishing department
I put the entire question on the attached excel. Thanks for help.
Megan Corp. "The following data are available for the Megan Corp. finishing department for the current year. The department makes a single product that requires three hours of labor per unit of finished product. Budgeted volume for the year was 30,000 direct labor hours." Budgeted Volume 30,000 Direct Labor Hours hrs of Labor per unit 3 Overhead Efficiency Overhead $4,000.00 U Budgeted Fixed Overhead $900,000.00 Number of units produced 11,000 Standard Direct Labor Wage Rate $15.00 Total Overabsorbed overhead variance $92,000.00 F Direct Labor efficiency variance $15,000.00 U a. Calculate Acutal Overhead Incurred Overhead spending Variance Actual # of direct labor hours Budgeted variable overhead rate per direct labor hour Overhead rate per direct labor hour Overhead volume variance Actual direct labor wage rate b. Write a one-paragraph report summarizing the results of the operationsStep by Step Solution
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