Weinsterin Inc. produces chemicals for large biotech companies. It has the following data for manufacturing...
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Weinsterin Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August: Variable Fixed Actual costs incurred $33,000 $17.500 Costs allocated to products $32,000 $13,800 Flexible budget: Budgeted input allowed for actual output produced budgeted rate $32,000 $15,000 Actual input x budgeted rate $32,200 $15.000 Required Complete the table below Variable Fixed 1 Rate variance 2 Efficiency variance 3. Production-volume variance 4. Flexible-budget variance 5. Underallocated (overallocated) manufacturing overhead
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