FIXED OVERHEAD SPENDING AND VOLUME ARIANCES, COLUMNAR AND FORMULA APPROACHES
A company provided the following information:
Standard fixed overhead rate (SFOR) per direct labour hour $7.00
Actual fixed overhead rate (AFOR) per direct labour hour $6.95
Actual direct labour hours worked (AH) 36,100
Actual production in units 12,000
Standard hours allowed for actual units produced (SH) 36,000
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