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In October, Marigold Inc. reports 42,800 actual direct labor hours and incurs $202,000 of manufacturing overhead costs. Standard hours allowed for the month's production is
In October, Marigold Inc. reports 42,800 actual direct labor hours and incurs $202,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 42,300 hours. Marigold'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.
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