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Please provide detailed analysis and calculations, thanks Andros Company produces ladders. It uses direct labor hours as the cost driver for overhead. The following information
Please provide detailed analysis and calculations, thanks
Andros Company produces ladders. It uses direct labor hours as the cost driver for overhead. The following information was provided concerning its standard cost system for 2017: Actual Data 2.130 ladders 1,700 lbs. for $11,135 Budgeted and Standard Data Direct material 0.8 lbs. @ $6.40 per 1b. Direct labor 0.9 hrs. @ $15 per hr. Fixed overhead $8.20 per labor hour Variable overhead $11,700 Production 12,000 ladders 1,740 lbs. Produced Materials purchased Direct materials used Direct labor worked Variable overhead Fixed overhead 2,010 hrs. costing $16,093 $11.620 $16,620 Calculate all the overhead variances and indicate if each is favorable or unfavorable. Andros Company produces ladders. It uses direct labor hours as the cost driver for overhead. The following information was provided concerning its standard cost system for 2017: Actual Data 2.130 ladders 1,700 lbs. for $11,135 Budgeted and Standard Data Direct material 0.8 lbs. @ $6.40 per 1b. Direct labor 0.9 hrs. @ $15 per hr. Fixed overhead $8.20 per labor hour Variable overhead $11,700 Production 12,000 ladders 1,740 lbs. Produced Materials purchased Direct materials used Direct labor worked Variable overhead Fixed overhead 2,010 hrs. costing $16,093 $11.620 $16,620 Calculate all the overhead variances and indicate if each is favorable or unfavorableStep by Step Solution
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