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Bond Company developed its annual manufacturing overhead budget for its master budget for 2014 as follows: Expected annual operating capacity 240,000DirectLaborHours Variable overhead costs The

Bond Company developed its annual manufacturing overhead budget for its master budget for 2014 as follows: Expected annual operating capacity 240,000DirectLaborHours Variable overhead costs The relevant range for monthly activity is expected to be between 16,000 and 24,000 direct labor hours. Instructions

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