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Question - Access Systems allocates manufacturing overhead based on machine hours. Each connector should require 10 machine hours. According to the static? budget, Access expected to incur the? following:
800 machine hours per month (80 connectors × 10 machine hours per connector)
$5,000 in variable manufacturing overhead costs
$6,525 in fixed manufacturing overhead costs
During? August, Access actually used 500 machine hours to make 86 connectors and spent $5,000 in variable manufacturing costs and $6,000 in fixed manufacturing overhead costs. Calculate the variable overhead efficiency variance for Access.
Using the financial statements and additional information, compute the following ratios for Gaines Company for 2013. Show all computations.
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