The following selected information was extracted from the accounting records of Comprehensive Technologies, Inc.: Planned...
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Accounting
The following selected information was extracted from the accounting records of Comprehensive Technologies, Inc.: Planned manufacturing activity: 35,000 machine hours Standard variable-overhead rate per machine hour: $20 Budgeted fixed overhead: $175,000 Variable-overhead spending variance: $99,500U Variable-overhead efficiency variance: $93,500F Fixed-overhead budget variance: $32,500U Total actual overhead: $690,000 Required: Determine the following: actual fixed overhead, actual variable overhead, actual machine hours worked, standard machine hours allowed for actual production, and the fixed-overhead volume variance. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) Actual fixed overhead Actual variable overhead Actual machine hours worked Standard machine hours allowed Fixed-overhead volume variance
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