The following data relate to the current months activities of Animated Video Productions: Actual Total Direct Labor
Question:
Actual Total Direct Labor .............................................................................. $43,400
Actual Hours Worked ....................................................................................... 14,000
Standard Hours Allowed for Actual Output (flexible budget).......................... 15,000
Actual Total Variable Overhead....................................................................... $22,900
Standard Variable Overhead Rate per Direct Labor Hour.................................. $ 1.50
Standard Direct Labor Wages per Hour.............................................................. $ 3.00
Compute the labor and variable overhead variances.
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Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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