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Lincoln Company
Lincoln Company Applies Overhead Based on Direct Labor $.80 \$ .80

question 132

Essay

Lincoln Company
Lincoln Company applies overhead based on direct labor hours and has the following available for the current month:
Standard:
Direct labor hous per unit                                                  6
Variable overhead per DLH                                            $.80 \$ .80
Fixed overhead per DLH
 (based on 11,900 DLHs) \text { (based on 11,900 DLHs) }                                      $2.10 \$ 2.10

Actual:
Units prochuced                                                              2,000
Direct labor hours                                                           11,900
Variable overhead                                                         $9,900
Fixed overheacl                                                            $25,500
Refer to Lincoln Company.Compute all the appropriate variances using the three-variance approach.


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