Cost Accounting (15th Edition)
Cost Accounting (15th Edition)
15th Edition
ISBN: 9780133428704
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
Question
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Chapter 8, Problem 8.16E

1.

To determine

. The flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead for June 2014.

Given information:

June 2014,

The budgeted hours for each suit are 4 hours.

Budgeted manufacturing overhead (variable cost) cost per labor-hour is $12.

Budgeted production of suits is 1,040.

The amount of actual variable costs is $52,164.

The actual production of suits is 1,080.

The actual hours for total production are 4,536 hours.

2.

To determine

To explain: The overview of results calculated in ‘part 1’.

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