Question
Lihue, Inc., applies fixed overhead at the rate of $4.00 per unit. Budgeted fixed overhead was $1,393,200. This month 342,300 units were produced, and actual
Lihue, Inc., applies fixed overhead at the rate of $4.00 per unit. Budgeted fixed overhead was $1,393,200. This month 342,300 units were produced, and actual overhead was $1,380,000.
Required:
- What are the fixed overhead price and production volume variances for Lihue?
| fixed overhead price variance |
|
| fixed overhead production volume variance |
|
b. What was budgeted production for the month?
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Building Accounting Systems Using Access 2010
Authors: James Perry, Richard Newmark
8th Edition
1111530998, 978-1111530990
