ewps_P23-33B - Total overhead variance Actual overhead cost...

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P23-33B (45-60 min.) Req. 1 Direct materials: Actual price per sq.ft. Standard price per sq.ft. Actual quantity Standard quantity Direct labor: Actual price Standard price Actual quantity Standard quantity Although not required, it is helpful to begin the variance computations by organizing the data:
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Price variances: Direct materials price variance: x = x = Direct labor price variance: x = x =
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Efficiency variances: Direct materials efficiency variance: x = x = Direct labor efficiency variance: x = x =
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Req. 2 Journal Date Accounts and Explanations Post Ref. Debit Credit
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Req. 3 Computation of Overhead Variances
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Unformatted text preview: Total overhead variance: Actual overhead cost Standard overhead allocated to (actual) production Total overhead variance Overhead flexible budget variance: Actual overhead cost Flexible budget overhead for actual outputs Overhead flexible budget variance Production volume variance: Flexible budget overhead for actual outputs Standard overhead allocated to (actual) production Production volume variance ( a ) Flexible budget overhead for 13,600 jackets: Variable overhead Fixed overhead Total flexible budget overhead Req. 4...
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ewps_P23-33B - Total overhead variance Actual overhead cost...

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