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please help. i need to answer all the requirements. Quality Fender is a competitor of Superior Fender. Quality Fender also uses a standard cost system
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Quality Fender is a competitor of Superior Fender. Quality Fender also uses a standard cost system and provide the following information: EEB (Click the icon to view the information.) Quality Fender allocates manufacturing overhead to production based on standard direct labor hours. Quality Fender reported the following actual results for 2016: actual number of fenders produced, 20,000; actual variable overhead, $6,200; actual fixed overhead, $29,000; actual direct labor hours, 420. Read the requirements Requirement 1. Compute the overhead variances for the year: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. Begin with the variable overhead cost and officiency variances. Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable F) or unfavorable (U) Abbreviations used: A = actual cost; AQ actual quantity: FOH fixed overhead: SC-standard cost: sa standard quantity: VOH variable overhead.) Formula Variance VOH cost variance VOH efficiency variance Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer remainina javascript doExercise(3); Superior Fender. Quality Fender also uses a standard cost system and provide t ormation.) cturing overhead to production based on standard direct labor hours. Quality Fend f fenders produced, 20,000; actual variable overhead, $6,200; actual fixed overhe i Data Table ad e ed o ad eac rd Static budget variable overhead Static budget fixed overhead 2,300 23,000 le ow al co Static budget direct labor houns Static budget number of units Standard direct labor hours 575 hours 23,000 units 0.025 hours per fender Print Done er any number in the input fields and then click Check Answer. Clear All Ched FEB 27 3 of 4 (4 complete) HW Score ar to) etitor of Superior Fender. Quality Fender also uses a standard cost system and provide the fo w the information.) manufacturing overhead to production based on standard direct labor hours. Quality Fender re umber of fenders produced, 20,000; actual variable overhead, $6,200; actual fixed overhead, Requirements ute whe 1. Compute the overhead variances for the year: variable overhead cost sta variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance 2. Explain why the variances are favorable or unfavorable. Print Done t or enter any number in the input fields and then click Check Answer Clear All Check a FEB 27 i need to answer all the requirements.
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