The following information was taken from the annual manufacturing overhead cost budget of Tamarisk Company: Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours Normal production level in units Standard labour hours per unit During the year, 4,000 units were produced, 16,300 hours were worked, and the actual manufacturing overhead was $55,600. Actual fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct abour hours. 31 Your answer is partially correct. Calculate the total, budget, and volume overhead variances. Total overhead variance $ Budget overhead variance Volume overhead variance $35,260 $18,860 16,400 4,100 tA $ 2340 115 2455 Unfavourable Unfavourable Unfavourable

The following information was taken from the annual manufacturing overhead cost budget of Tamarisk Company: Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours Normal production level in units Standard labour hours per unit During the year, 4,000 units were produced, 16,300 hours were worked, and the actual manufacturing overhead was $55,600. Actual fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct abour hours. 31 Your answer is partially correct. Calculate the total, budget, and volume overhead variances. Total overhead variance $ Budget overhead variance Volume overhead variance $35,260 $18,860 16,400 4,100 tA $ 2340 115 2455 Unfavourable Unfavourable Unfavourable

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Description: The following information was taken from the annual manufacturing overhead cost budget of Tamarisk Company:Variable manufacturing overhead costsFixed manufacturing overhead costsNormal production level in labour hoursNormal production level in units

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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