Monte Industries Has a Standard Costing System

question 168

Essay

Monte Industries has a standard costing system. The following data are available for July:
a. Actual manufacturing overhead cost incurred: $22000
b. Actual machine hours worked: 1600
c. Overhead volume variance: $3600 Unfavorable
d. Total overhead variance: $2000 Unfavorable
e. Overhead is assigned to production on the basis of machine hours
Instructions
Determine the amount of (1) the controllable overhead variance and (2) the overhead applied.

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Definitions:

Customer Relationship Marketing

A strategic approach focusing on cultivating long-term, engaging relationships with customers to foster loyalty and repeat business.

Account Penetration

A sales and marketing strategy aimed at increasing the depth and range of products or services sold to an existing customer account.

Partnering/Consultative Selling

A sales approach where the salesperson acts as a partner, focusing on understanding and meeting the customer's needs rather than just selling products.

Relationship Selling

A sales approach focused on building long-term customer relationships rather than just making immediate sales.