Required: Using the data from exercise 7 and the results from exercise 9, prepare a reconciliation of
Question:
Using the data from exercise 7 and the results from exercise 9, prepare a reconciliation of the overhead costs reported for Product 456 by the two costing systems. Begin the reconciliation with the overhead allocated by the traditional system. Use columns for total and per-unit costs.
Exercise 7
Thompson Company manufactures a variety of high- and low-volume products, including product 456, in its Westchester Plant. The following information pertains to the most recent year:
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