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theferpectstudent theferpectstudent
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3 months ago
Wolfe Manufacturing Company has the following information related to variable overhead:

Standard hours per unit of production3.5 hours
Standard variable rate$16 per hour
Actual hours during period5,000 hours
Actual variable overhead cost$96,000
Actual production1,400 units

Required:

a.Calculate the variable overhead spending variance for the period.
b.Calculate the variable overhead efficiency variance for the period.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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birdnuggetbirdnugget
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3 months ago
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More solutions for this book are available here
a.$96,000 - ($16 × 5,000) = $16,000 unfavorable
b.($16 × 5,000) - ($16 × 3.5 × 1,400) = $1,600 unfavorable


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theferpectstudent Author
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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