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Pharoah Manufacturing incurred fixed overhead costs of $10240 and variable overhead costs of $5888 to produce 1280 gallons of liquid fertilizer. It takes 2
Pharoah Manufacturing incurred fixed overhead costs of $10240 and variable overhead costs of $5888 to produce 1280 gallons of liquid fertilizer. It takes 2 hours of direct labor to produce 1 gallon of fertilizer. The standard hours allowed to produce 1280 gallons of fertilizer is 2560 hours. Predetermined overhead rate is $5/direct labor hour. What is the total overhead variance?
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To calculate the total overhead variance we need to compute both the variable overhead variance and ...
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
