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Use the following information of Alfred Industries. Standard manufacturing overhead based on normal monthly volume: Fixed ($300,700 20,000 units) $ 15.04 Variable ($100,000 20,000 units)
Use the following information of Alfred Industries.
| Standard manufacturing overhead based on normal monthly volume: | ||||||
| Fixed ($300,700 20,000 units) | $ | 15.04 | ||||
| Variable ($100,000 20,000 units) | 5.00 | $ | 20.04 | |||
| Units actually produced in current month | 18,000 | units | ||||
| Actual overhead costs incurred (including $300,000 fixed) | $ | 383,800 | ||||
Compute the overhead spending variance and the volume variance
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Data Analytics for Accounting
Authors: Vernon Richardson
1st edition
1260375196, 9781260375183 , 978-1260375190
