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Other Fields Homework Help Accounting Topic started by: LiChan on Dec 13, 2016



Title: The Livonia Manufacturing Company applies fixed manufacturing overhead at the rate of $3.45 per ...
Post by: LiChan on Dec 13, 2016
The Livonia Manufacturing Company applies fixed manufacturing overhead at the rate of $3.45 per direct labor hour. Fixed manufacturing overhead is budgeted to be $207,000 per month. The direct labor efficiency standard is 3 hours per finished unit. Budgeted production for the month is 20,000 and the company actually produced 18,900 units. Actual fixed manufacturing overhead cost incurred was $212,735.

REQUIRED:
1.)   Determine the fixed overhead budget variance.
2.)   Determine the fixed manufacturing overhead volume variance.


Title: Re: The Livonia Manufacturing Company applies fixed manufacturing overhead at the rate of $3.45 per ...
Post by: hol23 on Dec 15, 2016
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Title: Re: The Livonia Manufacturing Company applies fixed manufacturing overhead at the rate of $3.45 per ...
Post by: LiChan on Jan 26, 2017
Was looking for this exact answer, thanks