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Use the following information of Alfred Industries. Standard manufacturing overhead based on normal monthly volume: Fixed ($304,700 20,000 units) $ 15.24 Variable ($100,000 20,000 units)
Use the following information of Alfred Industries.
| Standard manufacturing overhead based on normal monthly volume: | ||||||
| Fixed ($304,700 20,000 units) | $ | 15.24 | ||||
| Variable ($100,000 20,000 units) | 5.00 | $ | 20.24 | |||
| 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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Auditing Principles And Techniques
Authors: Prof. A.R. Solanki
1st Edition
9350533979, 9789350533970
