I have figured out the solutions for the materials and labor variances. I just need...
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I have figured out the solutions for the materials and labor variances. I just need the factory overhead variances. The flexible controllable variance and the production volume variance. Also whether or not those are favorable.
P8-15 Materials, labor, and overhead variances-two-variance method McDormand Co. manufactures products in batches of 100 units per batch. The company uses a standard cost system and pre- pares budgets that call for 500 of these batches per period. Fixed overhead is $60,000 per period. The standard costs per batch follow LO8 09 Material (80 gallons) 32 480 252 $764 During the period, 503 batches were manufactured, and the following costs were incurred: $15,482.34 256,706.05 67,080.00 60,500.00 Actual fixed overhead Required: Calculate the variances for materials, labor, and overhead. For overhead, use the two-variance method
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