Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. three oh variances berlin ltd. uses a combined ove

Three OH variances Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour...

80.2K

Verified Solution

Question

Accounting

image

Three OH variances Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour to apply overhead to products. The rate was developed at an annual expected capacity of 792,000 machine hours; each unit of product requires two machine hours to produce. At 792,000 machine hours, expected fixed overhead for Munich Ltd. Is $752,400. During November, the company produced 35,880 units and used 74,100 machine hours. Actual variable overhead for the month was $141,300 and fixed overhead was $60,000. Calculate the overhead spending, efficiency, and volume variances for November. Note: Do not use negative signs with your answers. Note: Round your answers to the nearest whole dollar

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students