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Compute the amount of the total overhead variance

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In October, Pine Company was determining its overhead variance. Its predetermined overhead rate is based on direct labor hours. The following information was provided.

Manufacturing overhead costs incurred            $ 118,000

Actual direct labor hours                                   21,000

Standard hours allowed for work done                  20,600

Predetermined overhead rate                                $ 6.00

Question 1: Compute the amount of the total overhead variance and designate if the variance is favorable or unfavorable using Excel's IF function

Reference no: EM132460641

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