Question: According to the information provided, please answer the following: a. what is overhead production volume variance? b. what is the Fixed overhead spending variance? c.
According to the information provided, please answer the following:
a. what is overhead production volume variance?
b. what is the Fixed overhead spending variance?
c. what is the total under or overapplied overhead?
d. what was the variable overhead efficiency variance?
The following Information is available from the Terry Company: 15 Actual total factory overhead cost Incurred Actual fixed overhead cost Incurred Budgeted fixed overhead expenses Actual direct labor hours (DLH) worked Standard DLHs for this period's production Standard variable overhead rate per DLH Standard fixed overhead rate per DLH $25,000 $10,400 $11,000 4,400 4,000 $3.00 $2.50
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