Question
The following information has been taken from the accounts for Vidro Company. Planned manufacturing activity: 40,000 machine hours Standard variable overhead rate per machine hour:$16
The following information has been taken from the accounts for Vidro Company. Planned manufacturing activity: 40,000 machine hours Standard variable overhead rate per machine hour:$16
Budgeted fixed overhead: $100,000 Variable overhead spending variance: $92,000 unfavourable
Variable overhead efficiency variance: $102,000 favourable
Fixed overhead budget variance: $25,000 unfavourable
Total actual overhead costs: $675,000
REQUIRED:
Calculate the following: a) Actual fixed overhead costs.
(b) Actual variable overhead costs.
(C) Actual machine hours worked.
(d) Standard machine hours allowed. (e) Fixed overhead volume (production volume)variance.
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