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Hi please help me complete the following question, as I am missing some parts! thanks! Trico Company set the following standard unit costs for its
Hi please help me complete the following question, as I am missing some parts! thanks!
Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. $4 per Ib.) Direct labor (5 hrs. $14 per hr.) Factory overhead-variable (5 hrs. $8 per hr.) Factory overhead-fixed (5 hrs. $10 per hr.) Total standard cost $120.00 70.00 40.00 50.00 $280.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available Operating Levels 70% 42,000 210,000 80% 48,000 240,000 90% Production in units Standard direct labor hours Budgeted overhead 54,000 270,000 Fixed factory overhead Variable factory overhead $2,400,000 $2,400,000 $2,400,000 $1,680,000 $1,920,000 $2,160,000Step by Step Solution
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