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Compute the overhead budget variance

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Question - The following data relates to the manufacturing activities of Sam Club Company for the first quarter of the current year:

Standard activity in (units) 30,000

Actual production (unit) 24,000

Budgeted fixed manufacturing overhead $36,000

Variable overhead rate (per unit) $4.00

Actual fixed manufacturing overhead $37,200

Actual variable manufacturing overhead $88,800

Requirement: Compute the overhead budget variance and the overhead volume variance. (Assume overhead is applied based on units produced).

Reference no: EM132007060

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