Everjoice company makes clocks the fixed overhead costs for, Ask an Expert

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Everjoice Company makes clocks. The fixed overhead costs for 20X5 total $720,000. The company uses direct labor-hours for fixed overhead allocation and anticipates 240,000 hours during the year for 480,000 units. An equal number of units are budgeted for eachmonth.During June, 42,000 clocks were produced and $63,000 were spent on fixed overhead.

Required:

Determine the fixed overhead rate for 20X5 based on units of input.
Determine the fixed overhead static-budget variance for June.
Determine the production-volume overhead variance for June

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9955370

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