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Jackson Company's overhead

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Question

Jackson Company's overhead rate was based on estimates of $200,000 for overhead costs and 20,000 direct labor hours. Jackson's standards allow 2 hours of direct labor per unit produced. Production in May was 900 units, and actual overhead incurred in May was $20,780. The overhead budgeted for 1,800 standard direct labor hours is $17,600 ($5,016 fixed and $12,584 variable).;Compute the total, controllable, and volume variances for overhead.;1)Total overhead variance;2)Overhead controllable variance;3)Overhead volume variance

 

Paper#29688 | Written in 18-Jul-2015

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