Subject - account Coronado Corporation accumulates the following data relative to jobs started and finished during the month of June 2022.Costs and Production DataRaw materials unit costRaw materials unitsDirect labor payrollDirect labor hoursManufacturing overhead incurredManufacturing overhead appliedMachine hours expected to be used at normal capacityBudgeted fixed overhead for JuneVariable overhead rate per machine hourFixed overhead rate per machine hourQuestion 2 of 4Budgeted nxed overnead tor JuneVariable overhead rate per machine hourFixed overhead rate per machine hourOverhead controllable variance $ActualOverhead volume variance$4.4011.000$177,60014,800$242,800Standard$4.3010,100$174,42015,300$244.80049.960$89.928$3.20$1.00387,428$3.20$1.80Overhead is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. Thejobs were sold for $475,000. Selling and administrative expenses were $40,100. Assume that the amount of raw materials purchasedequaled the amount used.Compute the overhead controllable variance and the overhead volume variance.-/10 E 1Attempts: 0 of 4 used Submit Answer

Name: Subject - account Coronado Corporation accumulates the following data
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Subject - account Coronado Corporation accumulates the following data relative to jobs started and finished during the month of June 2022.Costs and Production DataRaw materials unit costRaw materials unitsDirect labor payrollDirect labor hoursManufac