In October, Pine Company reports 21,200 actual direct labor hours, and it incurs $118,830 of manufacturing overhead costs. Standard hours allowed for the work done is 23,300 hours. The predetermined overhead rate is $4.95 per direct labor hour. Compute the total overhead variance. Total Overhead Variance $

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...
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In October, Pine Company reports 21,200 actual direct labor hours, and it incurs $118,830 of manufacturing overhead costs.
Standard hours allowed for the work done is 23,300 hours. The predetermined overhead rate is $4.95 per direct labor hour.
Compute the total overhead variance.
Total Overhead Variance
$
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Transcribed Image Text:In October, Pine Company reports 21,200 actual direct labor hours, and it incurs $118,830 of manufacturing overhead costs. Standard hours allowed for the work done is 23,300 hours. The predetermined overhead rate is $4.95 per direct labor hour. Compute the total overhead variance. Total Overhead Variance $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
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