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Smithson Company manufactures shirts. During June, Smithson made 2,000 shirts but had budgeted production at 2,050 shirts. Smithson gathered the following additional data: Homework: Chapter
Smithson Company manufactures shirts. During June, Smithson made 2,000 shirts but had budgeted production at 2,050 shirts. Smithson gathered the following additional data:
Homework: Chapter 23 Exercises Save Score: 0 of 3 pts 8 of 14 (7 complete) HW Score: 43.4%, 6.94 of 16 pts T123-4 (similar to) A Question Help Smithson Company manufactures shirts. During June, Smithson made 2,000 shirts but had budgeted production at 2,050 shirts. Smithson gathered the following additional data: E: (Click on the icon to view the data.) Read the requirements 13. Calculate the variable overhead cost variance. Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U). VOH Cost Variance Data Table .X Requirements Variable overhead cost standard $0.10 per DLHO 6.50 DLHr per shirt Calculate the following variances: 13. Variable overhead cost variance 14. Variable overhead efficiency variance 15. Total variable overhead variance 16. Fixed overhead cost variance 17. Fixed overhead volume variance 18. Total fixed overhead variance 13,090 DLHr Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead Fixed overhead cost standard Budgeted fixed overhead Actual cost of fixed overhead $5,236 $0.35 per DLHO $4,664 Print Done $4.789 Print Done Choose from any drop-down list and then click Check Answer. 10 parts Clear All Check Answer remainingStep by Step Solution
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