Solution-Compute the fixed overhead spending variance

Compute the fixed overhead spending variance

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Reference no: EM133059852

Question - The standard factory overhead rates are based on a normal monthly volume of 1.5 standard direct labor hour per unit. The standard factory fixed overhead rate per direct labor hour is $3. The company has a normal activity of mono units. The actual units produced are 20,600 units. The actual fixed overhead cost was $110,000.

Required -

1. Compute the fixed overhead spending variance.

2. Compute the fixed overhead volume variance.

3. Prepare all the relevant journal entries (including the closing entry).

Reference no: EM133059852

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Compute the fixed overhead spending variance

Reference no: EM133059852

Reference no: EM133059852

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