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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