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[ The following information applies to the questions displayed below. ] A company manufactures binoculars. The cost of each pair of binoculars includes direct materials,
The following information applies to the questions displayed below.
A company manufactures binoculars. The cost of each pair of binoculars includes direct materials, direct labor, and manufacturing factory overhead. The firm traces all direct costs to products, and it assigns overhead cost to products based on direct labor hours.
The company budgeted $ variable factory overhead cost, $ for fixed factory overhead cost and direct labor hours its practical capacity to manufacture pairs of binoculars in March.
The factory used direct labor hours in March to manufacture pairs of binoculars and spent $ on variable overhead during the month. The actual fixed overhead cost incurred for the month was $
Compute the following for the month indicate whether each variance is favorable F or unfavorable U::
Variable overhead spending variance
Variable overhead efficiency variance
Fixed overhead budget spending variance
Fixed overhead volume variance
Complete this question by entering your answers in the tabs below.
Calculate the following variances. Indicate whether each variance is favorable F or unfavorable U
tableVariable overhead rate spending variance,,Variable overhead efficiency variance,,Fixed overhead budget spending variance,,Fixed overhead volume variance,,
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