Overhead and Flexible-Budgeted Variances
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From the above information, fill in the blanks below. Be sure to mark your variances F for favorable and U for unfavorable.
a. Flexible-budget variance $______ Fixed $______
Variable $______
b. Production-volume variance $______ Fixed $______
Variable $______
c. Spending variance $______ Fixed $______
Variable $______
d. Efficiency variance $______ Fixed $______
Variable $______
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Solution Summary
Overhead and flexible-budgeted variances are examined. Production-volume variance and spending variance are examined.
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