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For the year 2 0 2 0 , KIKO Ltd budgeted to produce 1 5 , 0 0 0 units of its product, KITO, and
For the year KIKO Ltd budgeted to produce units of its product, KITO, and to
use machine hours that is machine hours per unit of KITO The company allocates
both variable and fixed manufacturing overhead costs using machine hours. Variable
manufacturing overhead costs were budgeted at $ per machine hour, and total budgeted
fixed manufacturing costs were $
Actual results for the year were:
Q The fixed manufacturing overhead allocated was:
$
$
$
$
$
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