Exercise 16-46 (Algo) Fixed Cost Variances (LO 16-6) Information on Grixdale Partner's fixed overhead costs follows: Overhead applied Actual overhead Budgeted overhead $ 1,226,800 1,151,700 1,204,500 Required: What are the fixed overhead price and production volume variances? Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Fixed overhead price variance Fixed overhead production volume variance
Exercise 16-46 (Algo) Fixed Cost Variances (LO 16-6) Information on Grixdale Partner's fixed overhead costs follows: Overhead applied Actual overhead Budgeted overhead $ 1,226,800 1,151,700 1,204,500 Required: What are the fixed overhead price and production volume variances? Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Fixed overhead price variance Fixed overhead production volume variance
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Transcribed Image Text:Exercise 16-46 (Algo) Fixed Cost Variances (LO 16-6)
Information on Grixdale Partner's fixed overhead costs follows:
Overhead applied
Actual overhead
Budgeted overhead
$ 1,226,800
1,151,700
1,204,500
Required:
What are the fixed overhead price and production volume variances?
Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select
either option.
Fixed overhead price variance
Fixed overhead production volume variance
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