Business, 18.03.2020 04:55 asseatingbandit

Meridian Fashions uses standard costs for their manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the fixed overhead cost variance.
Actual fixed overhead $ 32,000
Budgeted fixed overhead $ 22,000
Standard overhead allocation rate $ 8
Standard direct labor hours per unit 2 DLHr
Actual output 2,300 units

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Meridian Fashions uses standard costs for their manufacturing division. The allocation base for over...

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