Weinsterin Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead...

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Weinsterin Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August Variable Fixed Actual costs incurred $33,000 $17,500 Costs allocated to products $32,000 $13,800 Flexible budget: Budgeted input allowed for actual output produced x budgeted rate $32,000 $15,000 Actual input x budgeted rate $32,200 $15,000 Required Complete the table below. Fixed 1. Rate variance 2. Efficiency variance 3. Production-volume variance 4. Flexible-budget variance 5. Underallocated (overallocated) manufacturing overhead Variable Weinsterin Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August Variable Fixed Actual costs incurred $33,000 $17,500 Costs allocated to products $32,000 $13,800 Flexible budget: Budgeted input allowed for actual output produced x budgeted rate $32,000 $15,000 Actual input x budgeted rate $32,200 $15,000 Required Complete the table below. Fixed 1. Rate variance 2. Efficiency variance 3. Production-volume variance 4. Flexible-budget variance 5. Underallocated (overallocated) manufacturing overhead Variable

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Step 1 Step 2 Step 3 Inlorking 1 Rate Variance Variable Actual cost incurred Act... View the full answer