Lukov Incorporated provided the following data: Standard fixed overhead rate (SFOR) ............................. $5 per direct labour hour
Question:
Standard fixed overhead rate (SFOR) ............................. $5 per direct labour hour
Actual fixed overhead costs ......................................... $282,686
Standard hours allowed per unit ................................... 4 hours
Actual production ................................................... 14,000 un
Required:
1. Calculate the standard hours allowed for actual production.
2. Calculate the applied fixed overhead.
3. Calculate the total fixed overhead variance.
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
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