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please complete all 4 parts. Superior, Inc. uses a standard cost system and provides the following information Click the icon to view the information) Superior
please complete all 4 parts.
Superior, Inc. uses a standard cost system and provides the following information Click the icon to view the information) Superior allocates manufacturing overhead to production based on standard direct labor hours Superior reported the following actual results for 2018: actual number of units produced, 1,000, actual variable overhead, $3,800, actual food overhead, $3.500; actual direct labor hours, 1.200 Read the requirements untavorable to treations used Adult Adualquantity, FOH dovod: SC stato standard Guantity, VOA-vable overed.) Formula Varian VOH cost variance (AC-SC) AB 1000U VOH licency varios (AO - SOXSC 1,600F Now compute the fixed overhead cost and volume variances Select the required formulas, compute the freed Overhead cost and volume variances, and Identity whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: Cachuelost, AQ actual quantity, FOHfixed overhead: SC standard cost: Standard quantity) Formula Varanon FOH cost variance Achun FOH Budged FOH FOH volume variance Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear A Check Answer 6 8 W E R T S H x/clv B N M Superior, Inc. uses a standard cost system and provides the following information Click the icon to view the information) Superior allocates manufacturing overhead to production based on standard direct labor hours. Superior reported the following actual results for 2018: acluumber of units produced, 1.000, actual variable overhead $3.800; actual food overhead. 63.500; actual direct labor hours, 1.200 Read the requirements untavorable US IAD x 50 standard quantity VOR Variable overhead Requirements i Data Table VOH Cost variance VOH efficiency variance 1. Compute the variable overhead cost and officiency wariances and feed overhead cost and volume ances Now compute the teda 2. Explain why the variances are favorable or unfavorable cost and wound Static budget variable overhead $ 2.200 (U). (Abbreviations used Fard quantity Static budgolfred Overhead $3.300 Print Done Static budget direct labor hours 1.100 hours FOH cost Variance State budget number of units 550 units FOHV variance Standard direct labor hours 2 hours per un Choose from any list or enter any number in the input fields and then click Check Print Done DS remaining CA EL W E R T Y s D G . K D V B N M Step by Step Solution
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