Omega Arts allocates fixed manufacturing overhead to each vase using budgeted direct manufacturing labor-hours per vase.Data pertaining
Question:
Omega Arts allocates fixed manufacturing overhead to each vase using budgeted direct manufacturing labor-hours per vase.Data pertaining to fixed manufacturing overhead costs for June 2017, are budgeted \($70,400\) and actual \($72,200\).
1. Compute the spending variance for fixed manufacturing overhead. Comment on the results.
2. Compute the production-volume variance for June 2017. What inferences can Omega Arts draw from this variance?
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Step by Step Answer:
To compute the spending variance for fixed manufacturing overhead well use the formula textSpending Variance SV textActual Costs textBudgeted Costs Gi...View the full answer
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