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You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that
You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below.You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below.
Note: Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter for no effect ie zero variance
tableStandard machine hours per unit of output,hours,Standard variableoverhead rate per machine hour,$Actual variableoverhead rate per machine hour,,,Actual machine hours per unit of output,$Budgeted fixed overhead,$Actual fixed overhead,Budgeted production in units,Actual production in units,$UnfavorableVariableoverhead spending variance,$FavorableVariableoverhead efficiency variance,$UnfavorableFixedoverhead budget variance,,Positive,Fixedoverhead volume variance,$Total actual overhead,,,Total budgeted overhead flexible budgetTotal budgeted overhead static budgetTotal applied overhead,,,
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Note: Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter for no effect ie zero variance
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