P01 - Standard Costs and Variance Analysis
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MANAGEMENT ADVISORY SERVICES STANDARD COSTS AND VARIANCE ANALYSIS NORMAL COSTING One-Way Variance Actual Overhead 25. Hayward applies overhead at $5 per machine hour. During March it worked 10,000 hours and overapplied overhead by $3,000. Actual overhead was (E) a. $53,000. c. $47,000. b. $50,000. d. none of the above. L & H 10e Budgeted Overhead 17. Machine hours used to set the predetermined overhead rate were 50,000, actual hours were 48,000, and overhead applied was $120,000. Budg...
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P01 - Standard Costs and Variance Analysis•P01 - Standard Costs and Variance Analysis
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MANAGEMENT ADVISORY SERVICES STANDARD COSTS AND VARIANCE ANALYSIS NORMAL COSTING One-Way Variance Actual Overhead 25. Hayward applies overhead at $5 per machine hour. During March it worked 10,000 hours and overapplied overhead by $3,000. Actual overhead was (E) a. $53,000. c. $47,000. b. $50,000. d. none of the above. L & H 10e Budgeted Overhead 17. Machine hours used to set the predetermined overhead rate were 50,000, actual hours were 48,000, and overhead applied was $120,000. Budg...