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please help me Question 8 (11 points) Saved The Daisy Company makes and sells a single product. Overhead costs are applied on the basis of

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Question 8 (11 points) Saved The Daisy Company makes and sells a single product. Overhead costs are applied on the basis of direct labour hours. The denominator activity is 25,000 direct labour hours, and the budget fixed overhead costs are $210,000. The standard cost card shows the following: 1.5 direct labour hours are required per unit variable overhead rate is $2.00 per direct labour hour fixed overhead rate is $8.40 per direct labour hour. The Daisy Company had the following actual operating results Number of units produced Actual direct labour hours Actual variable overhead costs Actual fixed overhead costs 18,200 26,875 $59.125 $ 212,000 Required: 1. Calculate the variable overhead spending and efficiency variances. (5.5 marks) 2. Calculate the fixed overhead budget and volume variances. (5.5 marks) Label your variances (name and favourable or unfavourable)

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