Exercise 8-17A (Algo) Determining and interpreting fixed cost variances LO 8-4,8-5,8-6 Munoz Company...
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Accounting
Exercise A Algo Determining and interpreting fixed cost variances LO
Munoz Company established a predetermined fixed overhead cost rate of $ per unit of product. The company planned to make units of product but actually produced only units. Actual fixed overhead costs were $
Required
a Determine the fixed cost spending variance and indicate whether it is favorable F or unfavorable U
b Determine the fixed cost volume variance and indicate whether it is favorable F or unfavorable U
Note: For all requirements, Select "None" if there is no effect ie zero variance
a Total spending variance
b Total volume variance
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