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Adams Co Uses the Following Standard to Produce a Single Unit

question 157

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Adams Co. uses the following standard to produce a single unit of its product: variable overhead (2 hrs. @ $3/hr.) $6. Actual data for the month show variable overhead costs of $150,000, and 24,000 units produced. The total variable overhead variance is:

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Definitions:

Double-Declining-Balance

An accelerated depreciation method that doubles the regular depreciation rate, reducing the asset's value more quickly.

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