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Variance Analysis Perform a basic variance analysis for Mike Tire Manufacturing Flexible Budget Actual Cost Flexible Budget Variance Direct Materials $75,500 $74,000 Direct Labor $101,250
Variance Analysis Perform a basic variance analysis for Mike Tire Manufacturing Flexible Budget Actual Cost Flexible Budget Variance
Direct Materials $75,500 $74,000
Direct Labor $101,250 $104,650
Variable Overhead $34,500 $33,495
Total Manufacturing Cost $211,250 $212,145
In the above chart, compute the fixed overhead budget variance.
In the above chart, compute the fixed overhead volume variance.
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