Chapter 17 Exercises

Chapter 17 Exercises - Actual overhead cost Flexible budget...

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P22-25A (60-75 min) Req. 1 Root Recliners Flexible Budget for Actual Outputs Sales revenue Variable manufacturing costs: Direct materials Direct labor Variable overhead Fixed costs Fixed overhead Total cost of goods sold Gross profit Req. 2 Price variances Direct materials Direct labor Efficiency variances Direct materials Direct labor Root Recliners Manufacturing Overhead Variances Total overhead variance: Actual overhead cost Standard overhead allocated to production Total overhead variance Overhead flexible budget variance:
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Unformatted text preview: 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 production Production volume variance Req. 3 Req. 4 Standards: P2227A (30-35 min) Req. 1 Standard labor cost Actual labor cost Direct labor hours Req. 2 Direct labor price variance Direct labor efficiency variance...
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Chapter 17 Exercises - Actual overhead cost Flexible budget...

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