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(PART A) Bahrain Corporation manufactured 30,000 clocks during September. The overhead cost-allocation base is $11.25 per machine-hour. The following varlable overhead data pertaim September: • Actual Production 30,000 units • Budgeted Production 24,000 units . Actual Machine-hours 15,000 hours • Budgeted Machine-hours 10,800 hours • Actual Variable overhead cost per machine-hour: $11.00 • Budgeted Variable overhead cost per machine-hour $11.25 Question C REQUIRED: (1) Compute the variable overhead spending variance. (11) Compute the variable overhead efficiency variance.

(PART A) Bahrain Corporation manufactured 30,000 clocks during September. The overhead cost-allocation base is $11.25 per machine-hour. The following varlable overhead data pertaim September: • Actual Production 30,000 units • Budgeted Production 24,000 units . Actual Machine-hours 15,000 hours • Budgeted Machine-hours 10,800 hours • Actual Variable overhead cost per machine-hour: $11.00 • Budgeted Variable overhead cost per machine-hour $11.25 Question C REQUIRED: (1) Compute the variable overhead spending variance. (11) Compute the variable overhead efficiency variance.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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(PART A) Bahrain Corporation manufactured 30,000 clocks during September. The overhead cost-allocation base is $11.25 per machine-hour. The following varlable overhead data pertain September: • Actual Production 30,000 units Budgeted Production 24,000 units • Actual Machine-hours 15,000 hours • Budgeted Machine-hours 10,800 hours • Actual Variable overhead cost per machine-hour: $11.00 Budgeted Variable overhead cost per machine-hour $11.25 Question C REQUIRED: (1) Compute the variable overhead spending variance. (11) Compute the variable overhead efficiency variance.
Transcribed Image Text:(PART A) Bahrain Corporation manufactured 30,000 clocks during September. The overhead cost-allocation base is $11.25 per machine-hour. The following varlable overhead data pertain September: • Actual Production 30,000 units Budgeted Production 24,000 units • Actual Machine-hours 15,000 hours • Budgeted Machine-hours 10,800 hours • Actual Variable overhead cost per machine-hour: $11.00 Budgeted Variable overhead cost per machine-hour $11.25 Question C REQUIRED: (1) Compute the variable overhead spending variance. (11) Compute the variable overhead efficiency variance.
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