Question: Please help, thanks so much! The predetermined overhead rate for Concord Corporation is $5, comprised of a variable overhead rate of $3 and a fixed
The predetermined overhead rate for Concord Corporation is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours. to arrive at the predetermined overhead rate of $5. Actual overhead for June was $8288 variable and $5040 fixed, and 1400 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is $1680U. $672F $1680F. $672U
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