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please help its 6 parts to this The following information relates to Watson, Inc.'s overhead costs for the month: (Click the icon to view the
please help its 6 parts to this
The following information relates to Watson, Inc.'s overhead costs for the month: (Click the icon to view the information.) Requirements 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. 2. Explain why the variances are favorable or unfavorable. Requirement 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. Begin by selecting the formulas needed to compute the variable overhead (VOH) and fixed overhead (FOH) variances, and then compute each variance amount. Data table pst variance, variable overhead volume variance. Watson allocates manufacturing overhead to production based on standard direct labor hours. Last month. Watson reported the following actual results: actual variable overhead, $10,300; actual fixed overhead, $2,820; actual production of 6,800 units at 0.30 direct labor hours per unit. The standard direct labor time is 0.5 direct labor hours per unit (1,200 static direct labor hours / 2,400 static units). overhead cost variance, variable overhead ume variance. d(VOH) and fixed overhead (FOH) variances, I = VOH cost variance l= VOH efficiency variance J=FOH cost variance I = FOH volume variance Step by Step Solution
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