Refer to the data in Exercise 11-3 for Jessel Corporation. Management would like to compute both spending
Question:
Refer to the data in Exercise 11-3 for Jessel Corporation. Management would like to compute both spending and efficiency variances for variable overhead in the company’s variable overhead performance report.
Required:
Prepare a variable overhead performance report using the format in Exhibit 11–7. Compute both the variable overhead spending and efficiency variances.
Data form Exercise 11-3
Transcribed Image Text:
Budgeted direct labor-hours Actual direct labor-hours 42,000 44,000 Standard direct labor-hours allowed 45,000 Cost formula (per direct labor-hour): Indirect labor.. Supplies.... Electricity .... $0.90 $0.15 $0.05 Actual costs incurred: Indirect labor $42,000 $6,900 Supplies .... Electricity .... $1,800
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Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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