Sonakshi Sinha Ltd manufactures Bollywood costumes, and allocates fixed manufacturing overhead to the costumes on the basis
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Question:
Sonakshi Sinha Ltd manufactures Bollywood costumes, and allocates fixed manufacturing overhead to the costumes on the basis of machine hours.
Budgeted info:
Machine hours per costume: 0.75 hours
Number of costumes: 30,000
Fixed manufacturing overhead was budgeted at $20 per machine hour.
28,000 costumes were actually produced, and actual fixed overhead incurred was $410,000.
Calculate the fixed overhead expenditure and production volume variances.
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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