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fixed overhead variances In enhancement to the info for Acme agency in Mini-Exercises 15.1 and 15.2, the standard fixed overhead application rate per unit consists of \$2 per machine hour and each unit is enabled a typical of 1 hour of an equipment time.

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Required:

Calculate the solved overhead budget variance and also the resolved overhead volume variance.

Refer come Mini-Exercises 15.1

Flexible budget plan Acme that company production budget for august is 17,500 units and also includes the following component unit costs: straight materials, \$8; direct labor, \$10; change overhead, \$6. Budgeted fixed overhead is \$32,000. Actual manufacturing in August was 18,000 units.

Required:

Prepare a flexible spending plan that would be used to compare versus actual production expenses for August.

Refer to Mini-Exercises 15.2

Flexible budget and performance report In enhancement to the details for Acme agency in Mini-Exercise 15.1, actual unit component costs incurred during August include straight materials, \$8.25; direct labor, \$9.45; change overhead, \$6.82. Actual resolved overhead was \$33,500.

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Required:

Prepare a performance report, consisting of each cost component, utilizing the complying with headings: