Refer to the data from Johnson, Inc., in S23-6 and S23-7. The following information relates to the

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Refer to the data from Johnson, Inc., in S23-6 and S23-7. The following information relates to the company€™s overhead costs:

Sta tic budget variable overhead $ 9,000 Static budget fixed overhead Static budget direct labor hours Static budget num

Johnson allocates manufacturing overhead to production based on standard direct labor hours. Last month, Johnson reported the following actual results: actual variable overhead, $10,200; actual fixed overhead, $2,830.
Requirement
1. Compute the standard variable overhead rate and the standard fixed overheadrate.

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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