Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours.
Question:
During August, LLL had the following actual results:
Units produced and sold .... 25,000
Actual variable overhead .... $9,490
Actual direct labor hours .... 16,000
Required:
Compute LLLs variable overhead rate variance, variable overhead efficiency variance, and over or under-applied variableoverhead.
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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