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Rozema Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August: Actual costs incurred Variable Fixed
Rozema Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August: Actual costs incurred Variable Fixed $34,500 $13,500 Costs allocated to products $30,000 $14,800 Flexible budget: Budgeted input allowed for actual output produced x budgeted rate $30,000 $16,000 Actual input x budgeted rate Required $31,600 $16,000 Complete the table below. 1. Rate variance 2. Efficiency variance 3. Production-volume variance 4. Flexible-budget variance 5. Underallocated (overallocated) manufacturing overhead Variable Fixed
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