ogel Co. expects to produce 116,000 units for the year. The company's flexible budget for 116,000 units of production shows variable overhead costs of $162,400 and fixed overhead costs of $124,000. For the ear, the company incurred actual overhead costs of $262,800 while producing 110,000 units. Compute the controllable overhead variance and classify it as favorable or unfavorable.

FINANCIAL ACCOUNTING
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QS 23-13 Controllable overhead variance P4
Fogel Co. expects to produce 116,000 units for the year. The company's flexible budget for 116,000 units of production shows variable overhead costs of $162,400 and fixed overhead costs of $124,000. For the
year, the company incurred actual overhead costs of $262,800 while producing 110,000 units. Compute the controllable overhead variance and classify it as favorable or unfavorable.
Transcribed Image Text:QS 23-13 Controllable overhead variance P4 Fogel Co. expects to produce 116,000 units for the year. The company's flexible budget for 116,000 units of production shows variable overhead costs of $162,400 and fixed overhead costs of $124,000. For the year, the company incurred actual overhead costs of $262,800 while producing 110,000 units. Compute the controllable overhead variance and classify it as favorable or unfavorable.
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