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nm Glavine & Company produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead

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nm Glavine & Company produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 48,000 DLHs, on an annual basis. The information below pertains to the most recent yean Standard direct labor hours (DLHs) per unit produced Practical capacity, in DLHs (per year) 48,000 Variable overhead efficiency variance $ 14,000 Actual production for the year 14,000 Budgeted fixed manufacturing overhead $ 960,000 Standard direct labor wage rate $ 20.00 Total overhead cost variance for the year $ 140,000 Direct labor efficiency variance $ 28,000 Required: 1. What was the actual number of direct labor hours (DLHs) worked during the year? 2. What was the standard variable overhead rate per DLH during the year? 3.00 unfavorable (U) units per DLH favorable (F) unfavorable (U) 3. What was the total overhead application rate per direct labor hour (DLH) during the year? 4. What was the total actual overhead cost incurred during the year? 5. What was the Production Volume Variance for the year? Was this variance favorable (F) or unfavorable (U)? 6. What was the total Overhead Spending Variance for the year? Was this variance favorable (F) or unfavorable (U)

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