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Variable Overhead Variances Morgan Tax Company considers 6,000 direct labor hours or 300 tax returns...

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Accounting

Variable Overhead Variances Morgan Tax Company considers 6,000 direct labor hours or 300 tax returns its normal monthly capacity. Its standard variable overhead rate is $11 per direct labor hour. During the current month, $55,400 of variable overhead cost was incurred in working 5,600 direct labor hours to prepare 270 tax returns. Determine the following variances, and indicate whether each is favorable or unfavorable:

Determine the following variances:

Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable.

Variable Overhead Variances
Actual cost: Answer
Split cost: Answer
Standard cost: Answer
a. Variable overhead spending Answer AnswerFU
b. Variable overhead efficiency Answer AnswerFU

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