Question: need help. The (partial) cost sheet for the single product manufactured at Briarcliff Corporation follows: Direct labor (2 hours @ $30) $ 60 2.9 Variable
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The (partial) cost sheet for the single product manufactured at Briarcliff Corporation follows: Direct labor (2 hours @ $30) $ 60 2.9 Variable overhead (2 hours @ $9) 18 Fixed overhead (2 hours @ $11) 22 points The master budget level of production is 45,540 direct labor-hours, which is also the production volume used to compute the fixed eBook overhead application rate. Other information available for operations over the past accounting period include the following: Print Actual variable overhead incurred $ 573, 090 Actual fixed overhead incurred 479, 200 References Direct labor efficiency variance 79, 200 F Variable overhead price variance 135, 600 U Required: a. What was the variable overhead efficiency variance? b. What was the fixed overhead price variance? c. What was the fixed overhead production volume variance? Note: For all requirements, indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. a. Variable overhead efficiency variance b. Fixed overhead price variance c. Fixed overhead production volume variance
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