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Can you please do this sum for me as soon as possible ? The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows:
Can you please do this sum for me as soon as possible ?
The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: The following information is available for a recent period a. The denominator activity of 6.500 machine-hours was chosen to compute the predetermined overhead rate b. At the 6,500 standard machine-hours level of activity, the company should produce 1,300 units of prdduct. c. The company's actual operating results were as follows: Required: 1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements. (Round your answers to 2 decimol pleces.) 2. What were the standard hours allowed for the year's actual output? (Do not round intermediate calculations.) 3. Compute the variable overhead spending and efficiency variances and the fixed overhead budget and volume variances. (Do not round intermediate calculations. Round your answers to 2 decimal places. Indicote the effect of each voriance by selecting "F" for fovourable, "U" for unfavouroble, and "None" for no effect (i.e., zero variance).) Step by Step Solution
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