Ex6-Russo Corporation manufactured 21,000 air conditioners during November. Theoverhead cost-allocation base is $34.25 per machine-hour. The following variable overheaddata pertain to November:Actual Budgeted Production 21,000 units 24,000 units Machine-hours 13,300 hours 14,400hours Variable overhead cost per machine-hour: $34.00 $34.25 What is the variableoverhead spending variance?ProductionMachine-hoursVariable overhead cost per machine-hourActual21,000 units13,300 hours$34.001. Determine the variable overhead spending variance2. Indicate if the variance unfavourable or favourable3. Comment in the results is requirementBudgets24,000 units14,400 hours$34.25

Name: Ex6-Russo Corporation manufactured 21,000 air conditioners during Nov
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Description: Ex6-Russo Corporation manufactured 21,000 air conditioners during November. Theoverhead cost-allocation base is $34.25 per machine-hour. The following variable overheaddata pertain to November:Actual Budgeted Production 21,000 units 24,000 units Mac

Variable Overhead Budget or Spending (Expenditure) Variance = Standard Overhead - Actual…

Answered: Production Machine-hours Variable…

Business

Accounting

Production Machine-hours Variable overhead cost per machine-hour Actual 21,000 units 13,300 hours $34.00 Budgets 24,000 units 14,400 hours $34.25

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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