Rexford Components shows the following overhead information for the current period: Actual overhead incurred . . .

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Rexford Components shows the following overhead information for the current period:
Actual overhead incurred . . . . . . . . . . . . . . . . . . . . . . $105,840, 2/3 of which is variable
Budgeted fixed overhead . . . . . . . . . . . . . . . . . . . . . . $31,104
Standard variable overhead rate per direct labor-hour $27
Standard hours allowed for actual production . . . . . . 2,820 hours
Actual labor-hours used . . . . . . . . . . . . . . . . . . . . . . . 2,640 hours
Required
What are the variable overhead price and efficiency variances and fixed overhead price variance?
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Related Book For  book-img-for-question

Fundamentals of Cost Accounting

ISBN: 978-1259565403

5th edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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