Question: Apple conducts overhead variance analysis with standard overhead rate $22/machine hour, actual rate $24/machine hour, standard hours 105,000, actual hours 98,000. Requirements: Calculate the overhead

  1. Apple conducts overhead variance analysis with standard overhead rate $22/machine hour, actual rate $24/machine hour, standard hours 105,000, actual hours 98,000.
    • Requirements:
      • Calculate the overhead spending variance.
      • Calculate the overhead efficiency variance.
      • Prepare a variance analysis report.
      • Recommend actions to address unfavorable variances.

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