The normal capacity of a manufacturing plant is 30,000 direct labor hours or 20,000 units per month.
Question:
The normal capacity of a manufacturing plant is 30,000 direct labor hours or 20,000 units per month. Standard fixed costs are $6,000, and variable costs are $12,000. Data for two months follow:
For each month, make a single journal entry to charge overhead to Work in Process, to close Factory Overhead, and to record variances. Indicate the types of variances and state whether each is favorable orunfavorable
Transcribed Image Text:
Units produced....n Factory overhead incurred June 18,000 $17,300 July 21,000 $20,800
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June 30 Work in Process 16200 Factory Overhead x Volume Variance U 600 Fac...View the full answer
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