At the beginning of last year, Diekow Productions set variable overhead standards of 10 machine hours at a rate of

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At the beginning of last year, Diekow Productions set variable overhead standards of 10 machine hours at a rate of $ 10 per hour for each product produced. During the year, 10,800 machine hours were used at a cost of $10.20 per hour. Using this information and the applicable information in E 6, calculate Diekow production’s variable overhead spending and efficiency variances for the year.


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Related Book For  answer-question

Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

Question Details
Chapter # 26
Section: Exercises
Problem: 9
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Question Posted: February 23, 2012 05:59:57