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I have been working away on this mangerial accounting assignment and as seen below I have gotten some correct and wrong answers. I have no
I have been working away on this mangerial accounting assignment and as seen below I have gotten some correct and wrong answers. I have no idea what I am doing wrong so any help would be greatly appreciated.
thanks for any help
Aaha Inc. produces premium protective automotive covers. The direct materials and direct labour standards for one car cover are as follows: Standard Quantity Standard Price Standard or Rate $11 per metre $93.50 $19 per hour 4 $ 8per hour or Hours Cost 8.5 metres of cloth Direct materials Direct labour Variable overhead 0 hours 0 hours 2 Budgeted fixed overhead cost is $19,300, and the normal production volume is 2,985 car covers. Overhead is applied on the basis of direct labour-hours. In September, the following activity was recorded: 23,800 metres of cloth were purchased at a cost of $10.50 per metre All of the purchased material was used to produce 2,800 car covers. .535 direct labour-hours were recorded at a total labour cost of $10,165. Actual variable overhead cost was $4,600, and fixed overhead cost was $18,700Step by Step Solution
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