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Question - Snowball Company gave you the following information which is a result of the factory overhead applied in Dept 1: Spending variance is 1,500 unfavorable, Efficiency variance is favorable 500. If the standard variable overhead based on actual hours is 4,500, how much is the actual variable overhead incurred by Dept 1?
a. 5,000
b. 4,000
c. 6,000
d. 5,500
Adjusting journal entries to prepare financial statements as of April 30.Depreciation on the company's equipment for 2015 is $18,000.
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Actual results for the period were manufacturing overhead costs of $290,000 and 75,000 machine-hours. As a result, Karvel would have
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