McGills overhead spending variance is unfavorable by $600. The companys accountant credited the Cost of Goods Sold

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McGill’s overhead spending variance is unfavorable by $600. The company’s accountant credited the Cost of Goods Sold account for $4,200 to close out any over- or underapplied overhead at the end of the current period.
Compute McGill’s overhead volume variance.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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