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Consider the following data for the Rivera Company

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Overhead Variances 13-48 pg 622;13-48 Overhead Variances;Study Appendix 13. Consider the following data for the Rivera Company;Factory Overhead;Fixed Variable;Actual incurred $14,200 $13,300;Budget for standard hours allowed;for output achieved 12,500 11,000;Applied 11,600 11,000;Budget for actual hours of input 12,500 11,400;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 $

 

Paper#27047 | Written in 18-Jul-2015

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