Question: Using the data given in E8-17, calculate the following overhead variances: a. Spending variance. b. Production-volume variance. c. Efficiency variance. d. Was the factory overhead

Using the data given in E8-17, calculate the following overhead variances:
a. Spending variance.
b. Production-volume variance.
c. Efficiency variance.
d. Was the factory overhead under- or over applied? By what amount?

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