Lihue, Inc., applies fixed overhead at the rate of $2.20 per unit. Budgeted fixed overhead was $770,000.
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Lihue, Inc., applies fixed overhead at the rate of $2.20 per unit. Budgeted fixed overhead was $770,000. This month 345,000 units were produced, and actual overhead was $760,000.
Required
a. What are the fixed overhead price and production volume variances for Lihue?
b. What was budgeted production for the month?
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a b 350000 units Budgeted production is 5000 units 11000 220 greater than ac...View the full answer
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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