Question
Item Actual Cost ($) Standard Cost ($) Direct Materials 80,000 70,000 Direct Labor 60,000 50,000 Variable Overhead 45,000 40,000 Fixed Overhead 35,000 30,000 Compute the
Item | Actual Cost ($) | Standard Cost ($) |
Direct Materials | 80,000 | 70,000 |
Direct Labor | 60,000 | 50,000 |
Variable Overhead | 45,000 | 40,000 |
Fixed Overhead | 35,000 | 30,000 |
Compute the total variance.
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
