ent Attempt in Progress Manufacturing overhead data for the production of Product H by Kimberly Company, assuming the company uses standard cost system, are as follows. Overhead incurred for 50,000 actual direct labor hours worked Overhead rate (variable $7; fixed $2) at normal capacity of 56,900 direct labor hours Standard hours allowed for work done Compute the total overhead variance. Total overhead variance $ eTextbook and Media $455,940 $9 51,160 Unfavorable Neither favorable nor unfavorable Favorable

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Manufacturing overhead data for the production of Product H by Kimberly Company, assuming the company uses a
standard cost system, are as follows.
Overhead incurred for 50,000 actual direct labor hours worked
Overhead rate (variable $7; fixed $2) at normal capacity of 56,900 direct labor hours
Standard hours allowed for work done
Compute the total overhead variance.
Total overhead variance $
eTextbook and Media
$455,940
$9
51,160
Unfavorable
Neither favorable nor unfavorable
Favorable
Transcribed Image Text:Current Attempt in Progress Manufacturing overhead data for the production of Product H by Kimberly Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 50,000 actual direct labor hours worked Overhead rate (variable $7; fixed $2) at normal capacity of 56,900 direct labor hours Standard hours allowed for work done Compute the total overhead variance. Total overhead variance $ eTextbook and Media $455,940 $9 51,160 Unfavorable Neither favorable nor unfavorable Favorable
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