A manufacturing company has a standard costing system based on machine hours (MHs) as the...
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A manufacturing company has a standard costing system based on machine hours MHs as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Budgeteddenominator level of activity MHs Overhead costs at the denominator activity level: Variable overhead cost $ Fixed overhead cost $ The following data pertain to operations for the most recent period: Actual hours MHs Standard hours allowed for the actual output MHs Actual total variable overhead cost $ Actual total fixed overhead cost $ What was the fixed overhead volume variance for the period to the nearest dollar? Example of Answer: U F No comma, space, decimal point, or $ sign Answer: U is incorrect
A manufacturing company has a standard costing system based on machine hours MHs as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:
Budgeteddenominator level of activity
MHs
Overhead costs at the denominator activity level:
Variable overhead cost
$
Fixed overhead cost
$
The following data pertain to operations for the most recent period:
Actual hours
MHs
Standard hours allowed for the actual output
MHs
Actual total variable overhead cost
$
Actual total fixed overhead cost
$
What was the fixed overhead volume variance for the period to the nearest dollar?
Example of Answer: U F No comma, space, decimal point, or $ sign
Answer: U is incorrect
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