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Home Q & A Board Other Fields Homework Help Business Accounting
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sarasmith06 sarasmith06
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3 months ago
Wolfe Manufacturing has provided the following information related to fixed overhead.

Standard hours per unit of production5 hours
Fixed overhead rate$12 per hour
Budgeted units of production1,500 units
Actual fixed overhead cost$85,000
Actual units of production1,440

Required:

a.Calculate the fixed overhead spending variance for the period.
b.Calculate the fixed overhead volume variance for the period.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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fujiokifujioki
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3 months ago
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More solutions for this book are available here
a.$85,000 - ($1,500 × 5 × $12) = $5,000 favorable
b.(1,500 × 5 × $12) - (1,440 × 5 × $12) = $3,600 unfavorable


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sarasmith06 Author
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3 months ago
This helped my grade so much Perfect
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Thanks
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Brilliant ツ
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