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The following information is for the third quarter of this year:
Planned
Actual
Production
92,000 units
87,000 units
Direct labor hours
506,800 DL hrs
380,000 DL hrs
Fixed manufacturing overhead
$205,000
$182,400
Variable manufacturing overhead
$910,000
$841,500
Standard direct labor hour per unit
5.5
Calculate the following three overhead variances.
a. Overhead volume variance
b. Overhead efficiency variance
c. Overhead spending variance
Find the current value of the following ordinary annuities. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to se
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what affects quick asset ratio
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