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10-1 Wade company estimates that it will produce 6.900 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct
10-1
Wade company estimates that it will produce 6.900 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labour $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $7700 for depreciation and $3500 for supervision. In the current month, wade actually produced 7400 units and incurred the following costs: direct materials $44900, direct labour $88400, variable overhead $133200, depreciation $7700, and supervision $3710. Prepare a static budget reportStep by Step Solution
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