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Calculate fixed overhead spending and efficiency variances

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Reference no: EM133021351

Question - A company provided the following information:

Standard fixed overhead rate (SFOR) per direct labour hour $7.00

Actual fixed overhead rate (AFOR) per direct labour hour $6.95

Actual direct labour hours worked (AH) 36,100

Actual production in units 12,000

Standard hours allowed for actual units produced (SH) 36,000

Required - Using the columnar approach, calculate the fixed overhead spending and efficiency variances.

Reference no: EM133021351

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