Question
Melbourne Cabinet set the following standard cost per unit for 2020: Fixed overhead (2 machine hours at $10) $20 Variable overhead (2 machine hours at
Melbourne Cabinet set the following standard cost per unit for 2020:
| Fixed overhead (2 machine hours at $10) | $20 |
| Variable overhead (2 machine hours at $8) | $16 |
The standards were set based on a capacity of 20 000 machine hours. During the year, 6160 units were produced.
| Fixed overhead | $208,073 |
| Variable overhead | $155,550 |
What was the fixed overhead budget variance?
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Regulation Of The London Stock Exchange Share Trading, Fraud And Reform 1914-1945
Authors: Chris Swinson
1st Edition
0367887568, 9780367887568
