The (partial) cost sheet for the single product manufactured at Vienna Company follows. The master...
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Accounting
The (partial) cost sheet for the single product manufactured at Vienna Company follows. The master budget level of production is 92,000 direct-labor hours, which is also the production volume used to compute the fixed overhead application rate. Other information available for operations over the past accounting period include the following. Required: a. What was the variable overhead efficiency variance? b. What was the fixed overhead price variance? c. What was the fixed overhead production volume variance? (For all requirements, indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
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