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Manufacturing overhead data for the production of Product H by Norland Company are as follows.

Overhead incurred for 54,000 actual direct labor hours worked $211,000
Overhead rate (variable $3; fixed $1) at normal capacity of 54,100 direct labor hours $4
Standard hours allowed for work done 50,200

Compute the total, controllable, and volume overhead variances.

Total overhead variance $ Favorable or Unfavorable
Overhead controllable variance $ Favorable or Unfavorable
Overhead volume variance $ Unfavorable or Favorable

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M990400

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