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In October, Cheyenne Inc. reports 42,500 actual direct labor hours and incurs $199,000 of manufacturing overhead costs. Standard hours allowed for the month's production
In October, Cheyenne Inc. reports 42,500 actual direct labor hours and incurs $199,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 41,500 hours. Cheyenne's predetermined overhead rate is $5.00 per direct labor hour. Compute the total manufacturing overhead variance. Identify whether each variance is favorable or unfavorable. Total manufacturing overhead variance $
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