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I really need help with this managerial accounting question!!! Try to show each steps as well! Question 7 (a to d) Marks only 10 marks
I really need help with this managerial accounting question!!! Try to show each steps as well!
Question 7 (a to d) Marks only 10 marks Always start your answer in column B...COLUMN A IS FOR INSTRUCTOR USE ONLY Please put correct answer in the underlined space provided. ABC Company has the following standards and flexible budget data: Standard variable overhead rate $ 6.00 per direct labor hour Standard quantity of direct labor 2.00 hours per unit of output Budgeted fixed overhead rate $ 110,000 Budgeted output 27,500 units Standard variable overhead $ 12.00 per unit Standard fixed overhead $ 4.00 per unit Actual results for November are given below: Actual output Actual variable overhead Actual fixed overhead Actual direct labor $ $ 33,000 units 396,000 116,600 61,600 Direct labor hours Required: Compute the following variances and state if they are favorable or unfavorable. a) Variable manufacturing overhead spending variance (2.5 Marks) Favorable / UnfavorableStep by Step Solution
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