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    Overhead variance analysis - two formats -- 13-49

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    Consider the following data regarding factory overhead:

    Variable Fixed
    Budget for actual hours of input $45,000 $70,000
    Applied 41,000 64,800
    Budget for standard hours allowed
    for actual output achieved ? ?
    Actual incurred 48,500 68,500

    Using the above data, fill in the following blanks with the variance amounts. Use F for favorable or U
    for unfavorable for each variance.

    Total Overhead Variable Fixed
    1. Spending variance ______ ______ ______
    2. Efficiency variance ______ ______ ______
    3. Production-volume variance ______ ______ ______
    4. Flexible-budget variance ______ ______ ______
    5. Underapplied overhead ______ ______ ______

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    https://brainmass.com/business/accounting/overhead-variance-analysis-two-formats-13-49-387346

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