Overhead Varlances At the beginning of the year, Lopez Company had the following standard cost...
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Accounting
Overhead Varlances At the beginning of the year, Lopez Company had the following standard cost sheet for one of its chemical products: Logez computes its overhead rates using practical volume, which is 00,000 units. The actual results for the vear are as followsi (a) Units oroducuel 79,600. (b) Required: 1. Compute the valahle overhesd spending and effiency varances. Enter ameunts as positive aumbers and select Favorable or Unfavorable. Spending varlance Erficiency variance 2. Compute the fixed overhead spenting and wolume varsance, Enter amounts as positive numbers and select Favurable or Unfavorable sperding variance Volume variance
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