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Use the information below to answer the following question(s) .Michelle Inc.uses a level 4-variance analysis of its manufacturing overhead costs, and has the following results for April.A.Budgeted direct labour-hours per unit is used to allocate variable manufacturing overhead.Fixed overhead is allocated on a per unit basis.
b.Budgeted amounts for April are:
C.Actual amounts for April are:
-What is the Michelle Inc.variable manufacturing overhead rate variance?
Direct Materials
Initial materials specifically allocated for the making of certain goods or provision of services.
Factory Overhead
Indirect manufacturing costs not directly associated with the production of goods, such as depreciation of equipment, maintenance, and utilities.
Equivalent Units
A concept in cost accounting used to denote the amount of finished goods units that could have been produced given the total amount of production inputs.
Conversion Costs
The expenses specifically associated with converting raw materials into finished goods, including labor and overhead costs.
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