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Nova Manufacturing applies factory overhead to products on the basis of direct labor hours. At the beginning of the current year, the company's accountant made the following estimates for the forthcoming period:
It is now 12 months later. Actual total overhead incurred in the manufacture of 7,900 units amounted to $895,100. Actual labor hours totaled 39,800. Assuming a direct labor standard of five hours per finished unit, calculate the following:
a. Variable overhead efficiency variance
b. Fixed overhead volume variance
c. Overhead spending variance
Which category completely excludes equity securities?
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The renovations cost $50,000 and have a useful life of 8 years. Lisa's Boutique will record occupancy expense for the year ended December 31, of :
Actual manufacturing overhead for the year amounted to $105,000 and the actual direct labor-hours were 4,000. Overhead for the year was overapplied (+) or underapplied (-) by how much?
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mystic laboratories reported total assets of 112000000 and noncurrent assets of 1480000. the company also reported a
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