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Exercise 8-17 (similar to) Question Help Modern Mode Clothing is a manufacturer of designer suits The cost of each suit is the sum of three
Exercise 8-17 (similar to) Question Help Modern Mode Clothing is a manufacturer of designer suits The cost of each suit is the sum of three variable costs (direct materials costs, direct manufacturing labour costs, and manufacturing overhead costs) and one foxed cost category manufacturing overhead costs) VMOH cost is allocated to each suit based on budgeted direct manufacturing labour hours DMLH) per suit For June 2018 each suit is budgeted to take 4 labour hours Budoeted VMOH costs per labour hour are $12.00 The budgeted number of suits to be manufactured in June 2018 is 1,200 and the actual number of suits started and completed is 1,260 Modern Mode Clothing allocates FOH to each suit using budgeted (DMLH) per sut Data pertaming to (FMHO) for June 2018 are $64,800 budgeted and $63,915 actual Required Begin by computing the following amounts for the FMOH Flexible Budget Same Budgeted Same Budgeted Lump Sum Lump Sum Actual Costs Regardless of Regardless of Incurred Output Level Output Level 64000 64800 Allocated O verhead
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