At the end of the year, Pryor Company provided the following actual information: Overhead S 913,000 Direct labour cost 1, 214, 400 Pryor uses normal costing and applies overhead at the rate of 75 percent of direct labour cost. At the end of the year, Cost of Goods Sold (before adjusting for any overhead variance) was $1,780,000. Required: 1. Calculate the overhead variance for the year. 2. Dispose of the overhead variance by adjusting Cost of Goods Sold.

At the end of the year, Pryor Company provided the following actual information: Overhead S 913,000 Direct labour cost 1, 214, 400 Pryor uses normal costing and applies overhead at the rate of 75 percent of direct labour cost. At the end of the year, Cost of Goods Sold (before adjusting for any overhead variance) was $1,780,000. Required: 1. Calculate the overhead variance for the year. 2. Dispose of the overhead variance by adjusting Cost of Goods Sold.

Name: only typed solution At the end of the year, Pryor Company provided the
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: only typed solution At the end of the year, Pryor Company provided the following actual information: Overhead S913,000 Direct labour cost 1, 214, 400 Pryor uses normal costing and applies overhead at therate of 75 percent of direct labour cost. At th