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From the following information for Alfred industries, compute the overhead spending variance and the volume variance.

Standard manufacturing overhead based on normal Monthly volume:

Fixed ($300,000 / 20,000units)........................................$15.00

Variable ($100,000 / 20,000units)......................................5.00 $20.00

Units actually produced in current month............................................ 18,000 units

Actual overhead costs incurred (including $300,000fixed)....................... $383,800

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Accounting Basics, Accounting

Category:- Accounting Basics
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