es Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Actual Costs Spending 385 units Variance Flexible Budget 385 units Volume Variance Master Budget 200 units Direct Material $ 17,100 $ 15,600 Direct Labor 27,800 23,600 Variable Overhead 9,850 9,600 Fixed Overhead 13,100 11,800 Total Manufacturing Costs $ 67,850 $ 60,600

es Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Actual Costs Spending 385 units Variance Flexible Budget 385 units Volume Variance Master Budget 200 units Direct Material $ 17,100 $ 15,600 Direct Labor 27,800 23,600 Variable Overhead 9,850 9,600 Fixed Overhead 13,100 11,800 Total Manufacturing Costs $ 67,850 $ 60,600

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 21E: Georgia Gasket Co. budgets 8,000 direct labor hours for the year. The total overhead budget is...

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