Exerclse 16-42(Algo) Varlable Cost Varlances (LO 16-5) Records at the Farnsworth Corporation contained the...
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Exerclse Algo Varlable Cost Varlances LO Records at the Farnsworth Corporation contained the following data for the most recent period of activity: Actual total direct labor cost Actual direct laborhours worked Standard direct laborhours allowed for actual output flexible budget Direct labor price variance Actual variable overhead Standard variable overhead rate per standard direct laborhour Variable overhead is applied based on standard direct laborhours allowed. Requlred: Compute the labor and variable overhead price and efficiency variances. Note: Do not round Intermedlate colculetlons. Indleate the effect of each varlance by selecting F for favorable, or U for unfavorable. If there is no effect, do not select elther optlon. 
Exerclse Algo Varlable Cost Varlances LO
Records at the Farnsworth Corporation contained the following data for the most recent period of activity:
Actual total direct labor cost
Actual direct laborhours worked
Standard direct laborhours allowed for actual output flexible budget
Direct labor price variance
Actual variable overhead
Standard variable overhead rate per standard direct laborhour
Variable overhead is applied based on standard direct laborhours allowed.
Requlred:
Compute the labor and variable overhead price and efficiency variances.
Note: Do not round Intermedlate colculetlons. Indleate the effect of each varlance by selecting F for favorable, or U for
unfavorable. If there is no effect, do not select elther optlon.
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