Alvarez Company’s output for the current period yields a $22,000 favorable overhead volume variance and a $52,900 unfavorable overhead controllable variance. Standard overhead applied to production for the period is $226,000. QS 23-16 Overhead cost variances LO P4 What is the actual total overhead cost incurred for the period?

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?