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Simpson Manufacturing has the following standard cost sheet for one of its products: Direct materials Direct labor Variable factory overhead Fixed factory overhead Cost per

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Simpson Manufacturing has the following standard cost sheet for one of its products: Direct materials Direct labor Variable factory overhead Fixed factory overhead Cost per unit 5 pounds at $2 per pound 2 hours at $25 per hour 2 hours at $5 per hour 2 hours at $20 per hour Total $ 10 50 10 40 $ 110 The company uses a standard cost system and applies factory overhead cost based on direct labor hours and determines the factory overhead rate based on a practical capacity of 400 units of the product. Simpson has the following actual operating results for the year just completed: Units manufactured 384 Direct materials purchased and used 1,920 pounds $ 21,120 Direct labor incurred 870 hours 23,490 Variable factory overhead incurred 5,568 Fixed factory overhead incurred 15,800 Before closing the periodic accounts, the (standard cost) entries in selected accounts follow. Account Work-in-process inventory Finished goods inventory Cost of goods sold Debit (total) $ 189,000 146,640 123,690 Credit (total) $ 146,640 123,690 namun Required 1 Required 2 Required 3 Required 4 Required 5 Compute the following factory overhead cost variances using a four-variance analysis: a. Total variable overhead cost variance b. Variable overhead spending variance C. Variable overhead efficiency variance d. Total underapplied or overapplied variable overhead e. Fixed overhead spending variance f. Fixed overhead production volume variance 9. Total fixed overhead cost variance h. Total underapplied or overapplied fixed overhead Required 1 Required 2 Required 3 Required 4 Required 5 Compute the following factory overhead cost variances using three-variance analysis: a. Overhead spending variance b. Overhead efficiency variance C. Fixed overhead production volume variance Required 1 Required 2 Required 3 Required 4 Required 5 Compute the total overhead flexible-budget variance and the fixed overhead production volume variance using a two-variance analysis. Total overhead flexible-budget variance Fixed overhead production volume variance Required 3 Required 5 >

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