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Q:
George Company has a standard costing system. The subsequent data are available for July:
Actual manufacturing overhead cost incurred: $22,000
Actual machine hours worked: 1,600
Overhead volume variance: $3,600
Unfavorable Total overhead variance: $1,000
Unfavorable Overhead is given to production on the basis of machine hours
Instructions:
Evaluate the amount of the controllable overhead variance and the overhead applied.
Explain the Purpose of Production report in Process Costing and Determine the main function of the process costing production cost report?
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