Refer to Exercise 11-34. Assume that the actual fixed overhead was $420,000. Budgeted fixed overhead was $405,000,

Question:

Refer to Exercise 11-34. Assume that the actual fixed overhead was $420,000. Budgeted fixed overhead was $405,000, based on practical capacity of 33,750 direct labor hours.

Required:

1. Calculate the standard fixed overhead rate based on budgeted fixed overhead and practical capacity.

2. Compute the fixed overhead spending and volume variances.

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

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Authors: Mowen, Hansen, Heitger

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Question Posted: Feb 04, 2012 12:14 AM

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Refer to Exercise 11-34. Assume that the actual fixed overhead was $420,000. Budgeted fixed overhead was $405,000,

Question:

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1 Standard fixed overhead rate SFOR 12 2 Fixed overhead ana...View the full answer

Cornerstones of Managerial Accounting

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