Overhead is applied to production based on standard labour hours. REQUIRED Find the values of missing information
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REQUIRED
Find the values of missing information for letters A through R in the columns for Phi and Pho Companies?
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Phi Company Pho Company 5,000 Number of labour hours budgeted Standard variable overhead rate per labour hour Standard labour hours allowed per unit Actual labour hours used per unit Actual variable overhead rate per hour Fixed overhead allocation rate per hour Actual total variable overhead costs Actual total fixed overhead costs Budgeted variable overhead Budgeted fixed overhead Fixed overhead allocated to production Variable overhead spending variance Variable overhead efficiency variance Fixed overhead volume variance Total fixed overhead budget variance Number of budgeted units for this period Number of actual units produced this period $2 2.1 $4 $15,372 $23,750 $21000 $40,000 $25,000 $540 F $840 F $720 U $1,000 F $600 U
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Missing information for Phi Company The flexible budget variable overhead is 21000 The standard ...View the full answer
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Related Book For
Cost Management Measuring Monitoring And Motivating Performance
ISBN: 9781118168875
2nd Canadian Edition
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook
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