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See Clear Company manufactures clear plastic CD cases. It applies variable overhead based on the number of machine hours used Information regarding See Clear's overhead
See Clear Company manufactures clear plastic CD cases. It applies variable overhead based on the number of machine hours used Information regarding See Clear's overhead for the month of December follows:
tableStandard UnitVariable manufacturing overhead, machine hours per case fefaecfffcebedaec
tableStandard Rate Cost,,$ per machine hour,,,
During December, See Clear had the following actual results:
Number of units produced and sold
Actual variable overhead cost
Actual machine hours
$
Required:
Compute See Clear's variable overhead rate variance, variable overhead efficiency variance, and over or underapplied variable overhead.
Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
tableVariable Overhead Rate Variance,,Variable Overhead Efficiency Variance,,Variable Overhead Spending Variance,,
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