a. the company manufactured 64,000 units of product during the year.
d. Overhead is applied to products on the basis of standard direct labor-hours. Data relating to manufacturing overhead costs follow.
a.the variable overhead spending and efficiency variances for the year.
4. Total the variances you have computed, and compare the net amount with the $34,110 mentioned by the president. Do you agree that bonuses should be given to everyone for good cost control during the year? Explain.
I have done this problem, and would like to confirm that I have complete all of the elements correctly. Please show step by step how to compute the direct materials prices, quantity variances, labor rate and efficiency variances and overhead variances.