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What is the fixed overhead spending (price) variance? Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed overhead
| What is the fixed overhead spending (price) variance? |
| Actual machine hours | 1,160 | |
| Standard machine hours allowed | 1,310 | |
| Denominator activity (machine hours) | 1,450 | |
| Actual fixed overhead costs | $ | 16,560 |
| Budgeted fixed overhead costs | $ | 17,400 |
| Predetermined overhead rate ($2 variable + $12 fixed) | $ | 14 |
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Financial Accounting
Authors: Jan Williams, Susan Haka
17th Edition
126000645X, 9781260006452
