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Lansing Mfg. prepared the following annual abbreviated flexible budget for different levels of machine hours: 32.000 35,200 38.400 41,500 Vanable manufacturing overhead $64,000 $70,400
Lansing Mfg. prepared the following annual abbreviated flexible budget for different levels of machine hours: 32.000 35,200 38.400 41,500 Vanable manufacturing overhead $64,000 $70,400 $76.800 $3,200 Fed manufacturing overhead 260.000 260.000 260,000 26.000 Each product requires four hours of machine time, and the company expects to produce 8.000units for the year. Production is expected to be evenly distributed throughout the year. a. Calculate separate predetermined variable and fixed OH rates using as the basis of application (1) units of production and (2) machine hours Note: Do not round your answers Variable OH Rate Fixed Rate Unts if production S d) Machine hours b. Calculate the combined predetermined Oft rate using (1) units of product and (2) machine hours Note Do not round your answers unts of production Machine hours Combined Rate Assume that all actual overhead costs are equal to expected overhead costs for the year, but that Lansing Mig produced 200 units of product if the separate rates based on units of prothet calculated in (a) were ined to apply overhead, what amounts of underapplied or overappled variable and fed overhead esist at year-end? Note: Do not use a negative sign with your answer. Veriale O Check
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