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You Are Not Your Mom Company (YANYM) manufactures hip-hop jeans. In June, YANYM made 1,200 pairs of hip hop jeans but had budgeted production at
You Are Not Your Mom Company (YANYM) manufactures hip-hop jeans. In June, YANYM made 1,200 pairs of hip hop jeans but had budgeted production at 1,400 pairs. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: Calculate the following variances ensuring you label each variance as favorable or unfavorable: 1. Variable overhead cost variance 2. Variable overhead efficiency variance 3. Total variable overhead variance 4. Fixed overhead cost variance 5. Fixed overhead volume variance 6. Total fixed overhead variance Your work must be readable and noted back to the requirement you are addressing. Final answers should be easily found by use of good grammar, reference, and a double underline/bolding/highlighting. See the rubric for instructions on how to display your final answers. For all calculations, just showing numbers does not constitute showing your work. You need to give the formula you are using in words and then show substitution
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