Cost Accounting
Cost Accounting
15th Edition
ISBN: 9780133428834
Author: Horngren
Publisher: PEARSON
Question
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Chapter 8, Problem 8.17E

1.

To determine

. The spending variance, and overview of result.

Given information:

June 2014,

Budgeted production of suits is 1,040.

The actual production of suits is 1,080.

The amount of budgeted fixed cost is $62,400.

The amount of actual fixed costs is $63,916.

2.

To determine

The production-volume variance and overview of result.

Given information:

June 2014,

The actual production of suits is 1,080.

Budgeted labor hours per unit are 4 hours (refer 8-8.16E).

The amount of budgeted fixed cost is $62,400.

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