What is an overhead variance

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1. Carver Company uses a plantwide overhead rate based on direct labor cost. Suppose that during the year, Carver raises its wage rate for direct labor. How would that affect overhead applied? The total cost of jobs?

2. What is an overhead variance? How is it accounted for typically?

3. Is the cost of a job related to the price charged? Explain.

Reference no: EM131342600

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