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Sweet Acacia Company's overhead rate was based on estimates of $182,400 for overhead costs and 18,240 direct labour hours. Sweet Acacia's standards allow 2 hours of direct labour per unit produced. Production in May was 830 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,660 standard direct labour hours is $16,180 ($4,560 fixed and $11,620 variable). (a) Calculate the total, budget, and volume variances for overhead. Total overhead variance Overhead budget variance Overhead volume variance $

Sweet Acacia Company's overhead rate was based on estimates of $182,400 for overhead costs and 18,240 direct labour hours. Sweet Acacia's standards allow 2 hours of direct labour per unit produced. Production in May was 830 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,660 standard direct labour hours is $16,180 ($4,560 fixed and $11,620 variable). (a) Calculate the total, budget, and volume variances for overhead. Total overhead variance Overhead budget variance Overhead volume variance $

FINANCIAL ACCOUNTING
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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Sweet Acacia Company's overhead rate was based on estimates of $182,400 for overhead costs and 18,240 direct labour hours. Sweet Acacia's standards allow 2 hours of direct labour per unit produced. Production in May was 830 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,660 standard direct labour hours is $16,180 ($4,560 fixed and $11,620 variable). (a) Calculate the total, budget, and volume variances for overhead. Total overhead variance Overhead budget variance Overhead volume variance $ $ELSE
Transcribed Image Text:Sweet Acacia Company's overhead rate was based on estimates of $182,400 for overhead costs and 18,240 direct labour hours. Sweet Acacia's standards allow 2 hours of direct labour per unit produced. Production in May was 830 units, and actual overhead incurred in May was $19,000. The overhead budgeted for 1,660 standard direct labour hours is $16,180 ($4,560 fixed and $11,620 variable). (a) Calculate the total, budget, and volume variances for overhead. Total overhead variance Overhead budget variance Overhead volume variance $ $ELSE
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