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More info Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours per suit. For June 2020, each
More info Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours per suit. For June 2020, each suit is budgeted to take 3 labor-hours. Budgeted variable manufacturing overhead cost per labor-hour is $10. The budgeted number of suits to be manufactured in June 2020 is 1,060. Actual variable manufacturing overhead costs in June 2020 were $50,270 for 1,120 suits started and completed. There were no beginning or ending inventories of suits. Actual direct manufacturing labor-hours for June were 4,570 . (manufacturing overhead costs). (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead. Begin by computing the following amounts for the variable manufacturing overhead. Requirement 2. Comment on the results. Grand had spending variance because the actual variable overhead rate per direct manufacturing labor-hour was than the budgeted. It hac efficiency variance because each suit averaged labor-hours than budgeted. More info Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours per suit. For June 2020, each suit is budgeted to take 3 labor-hours. Budgeted variable manufacturing overhead cost per labor-hour is $10. The budgeted number of suits to be manufactured in June 2020 is 1,060. Actual variable manufacturing overhead costs in June 2020 were $50,270 for 1,120 suits started and completed. There were no beginning or ending inventories of suits. Actual direct manufacturing labor-hours for June were 4,570 . (manufacturing overhead costs). (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead. Begin by computing the following amounts for the variable manufacturing overhead. Requirement 2. Comment on the results. Grand had spending variance because the actual variable overhead rate per direct manufacturing labor-hour was than the budgeted. It hac efficiency variance because each suit averaged labor-hours than budgeted
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