Thinnews Co., uses machine hours to allocate manufacturing overhead cost to outputs: Actual total overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead cost Actual machine hours Standard machine hours allowed for the units manufactured Denominator level - machine hours Standard variable overhead rate per machine hour 17) What is variable overhead spending variance? $960 favorable A) B) $1,000 favorable C) $1,200 favorable D) $1,400 unfavorable 18) What is variable overhead efficiency variance? $560 unfavorable A) $600 unfavorable B) C) D) 19) What is fixed overhead spending variance? $1,300 unfavorable $1,000 favorable A) B) C) D) $1,500 favorable $2,100 unfavorable $900 unfavorable $800 favorable $ 24,000 $ 10,200 $ 11,000 5,000 4,300 5,500 $ 3.00

Thinnews Co., uses machine hours to allocate manufacturing overhead cost to outputs: Actual total overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead cost Actual machine hours Standard machine hours allowed for the units manufactured Denominator level - machine hours Standard variable overhead rate per machine hour 17) What is variable overhead spending variance? $960 favorable A) B) $1,000 favorable C) $1,200 favorable D) $1,400 unfavorable 18) What is variable overhead efficiency variance? $560 unfavorable A) $600 unfavorable B) C) D) 19) What is fixed overhead spending variance? $1,300 unfavorable $1,000 favorable A) B) C) D) $1,500 favorable $2,100 unfavorable $900 unfavorable $800 favorable $ 24,000 $ 10,200 $ 11,000 5,000 4,300 5,500 $ 3.00

Name: please answer do not image format Answer questions 17-20 using the inf
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Description: please answer do not image format Answer questions 17-20 using the information below:Thinnews Co., uses machine hours to allocate manufacturing overhead cost to outputs:Actual total overhead cost incurredActual fixed overhead cost incurredBudgeted fi

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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