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Need help with managerial accounting problem. Thanks Montoursville Control Company, which manufacture's Electrical Switches. USES a standard- costing system. The standard production overhead costs per

Need help with managerial accounting problem. Thanks

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Montoursville Control Company, which manufacture's Electrical Switches. USES a standard- costing system. The standard production overhead costs per switch are based on direct- labor hours and are as follows Variable overhead (5 direct- labor hours @ $12. 08 per hour Fixed overhead (5 direct - Labor hours @ $2 2. 80 per hour )*` $ 60 1 10 Total overhead $ 170` Based on capacity of 305,000 direct-labor hours per month The following information is available for the month of October Variable overhead costs were $ 4. 740.000 \\Fixed overhead costs were $ 7 125,000* \\58,000 switches were produced , although 61, 000 switches were scheduled to be produced 285,000 direct- labor hours were worked at a total cost of $ 4.825,000 Required . Compute the variable- overhead spending and efficiency variances and the fixed - overhead budget and volume variances for October* Indicate the effect of each variance by selecting " Favorable" or " Unfavorable" Select "Mone " and enter " U" for no effect ( i.e. zero Variance ) . ! Variable - overhead spending variance* Variable_ overhead efficiency variance Fixed- overhead budget variance Fixed -overhead Volume variance

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