Concept explainers
Byrd Company produces one product, a putter called GO-Putter. Byrd uses a
During the current year, Byrd produced 95,000 putters, worked 94,000 direct labor hours, and incurred variable overhead costs of $256,000 and fixed overhead costs of $600,000.
Instructions
(a) Compute the predetermined variable overhead rate and the predetermined fixed overhead rate.
(b) Compute the applied overhead for Byrd for the year.
(c) Compute the total overhead variance.
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