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just need formulas!! Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances Begin with the variable overhead
just need formulas!!
Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and efficiency variances, and identity whether each variance is favorable (F) or unfavorable (U) (Abbreviations used: AC actual cost AQ actual quantity: FOH foed overhead, SC standard cost, SQ- standard quantity, VOH variable overhead) Formula Vanance VOH cost variance VOH efficiency variance Now compute the foxed overhead cost and volume variances. Select the required formulas, compute the foxed whether each variance is favorable (F) or unfavorable (U) (Abbreviations used AC- actual cost AQ- actual quantity: FOH SQ standard quantity ) fixed overhead SC - standard cost lat Variance Formula FOH cost variance lesi FOH volume variance Requirement 2. Explain why the variances are favorable or unfavorable Choose from any list or enter any number in the input fields and then continue to the next question ch Read the requirements Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute thev identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC actual cost, A standard cost, SQ standard quantity: VOH variable overhead.) Formula Variance VOH cost variance VOH efficiency variance (AC-SC) x AQ (AC-SC) x SQ (AQ SQ) x AC (AQ-SQ) x SC Actual FOH- Allocated FOH Actual FOH- Budgeted FOH Now compute the foxed overhead whether each variance is favorab SQ standard quantity.) : required formulas, compute the fixed is used: AC actual cost, AQ actual Variance FOH cost variance FOH volume variance = L. Bugeted FOH-Allocated FOH = Requirement 2. Explain why the variances are favorable or unfavorable Choose from any list or enter any number in the input fields and then continue to the next question Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and efficiency variances, and identity whether each variance is favorable (F) or unfavorable (U) (Abbreviations used: AC actual cost AQ actual quantity: FOH foed overhead, SC standard cost, SQ- standard quantity, VOH variable overhead) Formula Vanance VOH cost variance VOH efficiency variance Now compute the foxed overhead cost and volume variances. Select the required formulas, compute the foxed whether each variance is favorable (F) or unfavorable (U) (Abbreviations used AC- actual cost AQ- actual quantity: FOH SQ standard quantity ) fixed overhead SC - standard cost lat Variance Formula FOH cost variance lesi FOH volume variance Requirement 2. Explain why the variances are favorable or unfavorable Choose from any list or enter any number in the input fields and then continue to the next question ch Read the requirements Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute thev identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC actual cost, A standard cost, SQ standard quantity: VOH variable overhead.) Formula Variance VOH cost variance VOH efficiency variance (AC-SC) x AQ (AC-SC) x SQ (AQ SQ) x AC (AQ-SQ) x SC Actual FOH- Allocated FOH Actual FOH- Budgeted FOH Now compute the foxed overhead whether each variance is favorab SQ standard quantity.) : required formulas, compute the fixed is used: AC actual cost, AQ actual Variance FOH cost variance FOH volume variance = L. Bugeted FOH-Allocated FOH = Requirement 2. Explain why the variances are favorable or unfavorable Choose from any list or enter any number in the input fields and then continue to the next Step by Step Solution
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