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Acme Corporation has the following production budget for the first quarter of 2024 and April: Acme bases its variable overhead application on machine hours. Each
Acme Corporation has the following production budget for the first quarter of 2024 and April: Acme bases its variable overhead application on machine hours. Each of Acme's products requires 3 machine hours for production. The predetermined variable overhead rate is $4 per machine hour. Fixed overhead is estimated to be $216000 annually and is incurred evenly throughout the year. REQUIRED: 1. What are the budgeted machine hours, variable overhead, fixed overhead, and total overhead for the first three months and the first quarter of 2024 ? (Round final answers to whole numbers)
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