Business, 22.07.2021 17:20 hellokitty9440
You Are Not Your Mom Company (YANYM) manufactures hip-hop jeans. In June, YANYM made 1,200 pairs of hip hop jeans but had budgeted production at 1,400 pairs. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: Variable overhead cost standard $0.60 per DLHr Direct labor efficiency standard 2.00 DLHr per jean Actual amount of direct labor hours 2,520 DLHr Actual cost of variable overhead $1,512 Fixed overhead cost standard $0.25 per DLHr Budgeted fixed overhead $700 Actual cost of fixed overhead $750 Calculate the following variances ensuring you label each variance as favorable or unfavorable: Variable overhead cost variance Variable overhead efficiency variance Total variable overhead variance Fixed overhead cost variance Fixed overhead volume variance Total fixed overhead variance
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You Are Not Your Mom Company (YANYM) manufactures hip-hop jeans. In June, YANYM made 1,200 pairs of...
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