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Problem 15-45(Algo) Four-Variance Analysis; Journal Entries [LO 15-1,15-2,15-3,15-4] Edney Company employs...

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Accounting

Problem 15-45(Algo) Four-Variance Analysis; Journal Entries [LO 15-1,15-2,15-3,15-4]
Edney Company employs a standard cost system for product costing. The per-unit standard cost of its product is:$14.0016.0026.00$56.00
The manufacturing overhead rate is based on a normal capacity level of 600,000 direct labor hours. (Normal capacity is defined as the level of capacity needed to satisfy average customer demand over a period of two to four years. Operationally, this level of capacity would take into consideration sales trends and both seasonal and cyclical factors affecting demand.) The firm has the following annual manufacturing overhead budget:
\table[[\table[[Variable],[Fixed]],\table[[$4,200,000
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