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Just need #4 asap pls!! Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is appled on the

Just need #4 asap pls!!
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Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is appled on the basis of standard direct labor-hours. The budgeted variable manufacturing overhead is $5.60 per direct laborhour and the budgeted fired manufacturing overhead is $2,880,000 per year. The standard quantity of materials is 4 pounds per unit and the standard cost is $12.00 per pound. The standard direct labochours pet unit is 1.5 hours and the standard labor rate is $13.80 per hour. The company planned to operate at a denominator activity level of 300,000 direct labor-hours and to produce 200,000 units of product during the most recent year. Actual activity and costs for the year were as follows: Required: 1. Compute the predetermined overhead rate for the year. Break the rate down into variable and fuxed eiements. 2. Prepare a standard cost card for the company's product. 3a. Compute the standard direct labor-hours allowed for the year's production. 3b. Complete the following Manufacturing Overhead T-account for the yeat. 4. Determine the reason for any underapplied or overapplied overhead for the year by computing the variable oventead rate and efficiency variances and the fixed overhead budget and volume variances. Complete this question by entering your answers in the tabs below

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