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Masters Company applies overhead using machine hours and reports the following information. Compute the total variable overhead cost variance. Actual

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Masters Company applies overhead using machine hours and reports the following information. Compute the total variable overhead cost variance.
Actual machine hours used . . . . . . . . . . . . . . . . . . . . . 4,950 hours
Standard machine hours . . . . . . . . . . . . . . . . . . . . . . . 5,000 hours
Actual variable overhead rate per hour . . . . . . . . . . . . . . . . $4.10
Standard variable overhead rate per hour . . . . . . . . . . . . . . . $4.00

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Actual variable overhead 4 950 x 4 10 20 295 App…View the full answer


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Fundamental Accounting Principles

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Details
Chapter # 24
Section: Quick Study
Problem: 10
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Question Posted: December 26, 2012 08:12:48
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