San Diego Enterprises reports the following information at December 31, 2024: (Click the icon to view the information.) Read the requirements. Requirement 1. What is the actual manufacturing overhead of San Diego Enterprises? The actual manufacturing overhead of San Diego Enterprises is Data table Manufacturing Overhead 3,400 51,700 14,000 36,500 Print Done X

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.