one fixedcost category manufacturing overhead costs
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Requirement Compute the flexiblebudget variance, the spending variance, and the efficiency variance for variable manufacturing overhead.
Begin by computing the following amounts for the variable manufacturing overhead.
Actual Input Qty
Actual Costs
Incurred
Budgeted Rate
Flexible Budget
Allocated
Overhead
Requirements
Compute the flexiblebudget variance, the spending variance, and the efficiency
variance for variable manufacturing overhead.
Comment on the results.
More info
Variable manufacturing overhead cost is allocated to each suit on the basis of
budgeted direct manufacturing laborhours per suit. For June each suit is
budgeted to take laborhours. Budgeted variable manufacturing overhead cost
per laborhour is $ The budgeted number of suits to be manufactured in June
is
Actual variable manufacturing overhead costs in June were $ for
suits started and completed. There were no beginning or ending inventories
of suits. Actual direct manufacturing laborhours for June were
