Question: (Appendix) Calculating factory overhead: three variances LO7 Using the data shown in E8-8 , calculate the following overhead variances: a. Budget variance. b. Capacity variance.

(Appendix) Calculating factory overhead: three variances LO7 Using the data shown in E8-8

, calculate the following overhead variances:

a. Budget variance.

b. Capacity variance.

c. Efficiency variance.

d. Was the factory overhead under- or overapplied? By what amount?

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