Question: (Appendix) Calculating factory overhead: three variances} Using the data shown in E8-15, calculate the following overhead variances: a. budget variance; b. capacity variance; c. efficiency

(Appendix) Calculating factory overhead: three variances}

Using the data shown in E8-15, 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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