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ASAP 3 The budgeted variable MOH rate at Splish Corp. is $5.00 /machine hour, where every unit requires 3 machine hours. Additionally, the following fixed-MOH
ASAP 3
The budgeted variable MOH rate at Splish Corp. is $5.00 /machine hour, where every unit requires 3 machine hours. Additionally, the following fixed-MOH costs are anticipated for production: depreciation of $3,000, insurance of $400, supervisor salaries of $4,800, and property taxes of $1,000. Assuming budgeted production this month is 8,700 units, prepare the MOH budget for the month, reporting both total budgeted MOH costs and the cash outlay requirement for MOH. (Round variable MOH rate per mochine hour to 2 decimal places, e.g. 15.25.) Step by Step Solution
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