sheridan manufacturing company uses a standard cost system in accounting for the cost of its...
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Accounting
sheridan manufacturing company uses a standard cost system in accounting for the cost of its main product. The following standards have been established for the direct manufacturing costs per unit: Direct materials kg at $ per kilogram $ per unit and Direct labour hours at $ per hour $ per unit Budgeted overhead for the month of april based on expected activity of direct labour hours is as follows: Variable overhead $ Fixed overhead $ Total overhead is $ Overhead is applied based on labour hours. The average activity per month is hours. The company calculates overhead rates based on average activity. Results for the month of april are as follows: Units produced $ Direct materials used kg $ Direct labour hours $ Variable overhead $ Fixed Overhead $ Total costs $ There was no beginning or ending work in process inventory Calculate the variable spending variance variable effeciency variance, and total variable budget variance.
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