The management of Cleancut Lawnmowers has calculated the following variances: Direct materials cost variance$11,000 UDirect materials efficiency variance35,000 FDirect labor cost variance15,000 FDirect labor efficiency variance13,000 UVariable overhead cost variance3,500 FVariable overhead efficiency variance6,000 FFixed overhead cost variance4,500 F When determining the total product cost flexible budget variance, what is the total manufacturing overhead variance of the company? The management of Cleancut Lawnmowers has calculated the following variances:Direct materials cost variance$11,000 U35,000 FDirect materials efficiency varianceDirect labor cost variance15,000 FDirect labor efficiency variance13,000 UVariable overhead cost variance3,500 F6,000 F4,500 FVariable overhead efficiency varianceFixed overhead cost varianceWhen determining the total product cost flexible budget variance, what is the total manufacturing overhead variance of the company?O A. $6,000 FO B. $14,000 FOC. $4,500 FO D. $9,500 F

Name: The management of Cleancut Lawnmowers has calculated the following va
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Description: The management of Cleancut Lawnmowers has calculated the following variances: Direct materials cost variance$11,000 UDirect materials efficiency variance35,000 FDirect labor cost variance15,000 FDirect labor efficiency variance13,000 UVariable o

The total manufacturing overhead variance = Variable manufacturing overhead variance + Fixed…

Answered: The management of Cleancut Lawnmowers…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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The management of Cleancut Lawnmowers has calculated the following variances:

Direct materials cost variance	$11,000 U
Direct materials efficiency variance	35,000 F
Direct labor cost variance	15,000 F
Direct labor efficiency variance	13,000 U
Variable overhead cost variance	3,500 F
Variable overhead efficiency variance	6,000 F
Fixed overhead cost variance	4,500 F

When determining the total product cost flexible budget variance, what is the total manufacturing overhead variance of the company?

The management of Cleancut Lawnmowers has calculated the following variances:
Direct materials cost variance
$11,000 U
35,000 F
Direct materials efficiency variance
Direct labor cost variance
15,000 F
Direct labor efficiency variance
13,000 U
Variable overhead cost variance
3,500 F
6,000 F
4,500 F
Variable overhead efficiency variance
Fixed overhead cost variance
When determining the total product cost flexible budget variance, what is the total manufacturing overhead variance of the company?
O A. $6,000 F
O B. $14,000 F
OC. $4,500 F
O D. $9,500 F

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

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