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LiChan LiChan
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7 years ago
The Midland Plastic Company applies fixed manufacturing overhead at the rate of $6.00 per direct labor hour. Fixed manufacturing overhead is budgeted to be $405,000 per month. The direct labor efficiency standard is .75 hours per finished unit. Budgeted production for the month is 90,000 units and the company actually produced 91,000 units. Actual fixed manufacturing overhead cost incurred was $402,000.

REQUIRED:
1.)   Determine the fixed overhead budget variance.
2.)   Determine the fixed manufacturing overhead volume variance.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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LiChan Author
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7 years ago
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