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Manufacturing overhead data for the production of Product B by North Bank Inc. are as...

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Accounting

Manufacturing overhead data for the production of Product B by North Bank Inc. are as follows:

Overhead incurred for 69,000 actual direct labor hours worked $206,000

Overhead rate (variable $2, fixed $1) at normal capacity of 72,000 standard direct labor hours $3

Standard hours allowed for work done 69,000

Required:

Compute the overhead controllable and volume variances.

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