Question
Item Actual Cost ($) Standard Cost ($) Direct Materials 120,000 100,000 Direct Labor 80,000 70,000 Variable Overhead 60,000 50,000 Fixed Overhead 40,000 35,000 Compute the
Item | Actual Cost ($) | Standard Cost ($) |
Direct Materials | 120,000 | 100,000 |
Direct Labor | 80,000 | 70,000 |
Variable Overhead | 60,000 | 50,000 |
Fixed Overhead | 40,000 | 35,000 |
Compute the total variance.
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Managerial Accounting The Cornerstone of Business Decision Making
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
7th edition
978-1337116008, 1337116009, 1337115770, 978-1337516150, 1337516155, 978-1337115773
