er Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predermined rate was based on a cost formula that estimated $255,200 of total manufacturing overhead cost for an estimated actvity level of 11,000 direct labor-hours. The company incurred actual total manufacturing overhead cost of $249,000 and 10,700 total direct labor-hours during the period. Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the peri Please dont provide an
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Oppenheimer Company uses a plantwide predetermined
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