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Q:
George Company has a standard costing system. The subsequent data are available for July:
Actual manufacturing overhead cost incurred: $22,000
Actual machine hours worked: 1,600
Overhead volume variance: $3,600
Unfavorable Total overhead variance: $1,000
Unfavorable Overhead is given to production on the basis of machine hours
Instructions:
Evaluate the amount of the controllable overhead variance and the overhead applied.
Evaluate the overhead rate for each cost driver
Determine the sustainable growth based on the subsequent information
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Total partnership net assets will logically be revalued to $1,080,000 on the basis of the price paid by Mary Ann. Total capital of the new partnership will be $840,000 considering no revaluation.
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