Business, 05.09.2019 16:10 itsjoke5550

Jones manufacturing incurred fixed overhead costs of $8,000 and variable overhead costs of $4,600 to produce 1,000 gallons of liquid fertilizer. it takes 2 hours of direct labor to produce 1 gallon of fertilizer. the standard hours allowed to produce 1,000 gallons of fertilizer is 2,000 hours. predetermined overhead rate is $5/direct labor hour. what is the total overhead variance?

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