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Lansing Mfg. prepared the following annual abbreviated flexible budget for different levels of machine hours: to production. In April of the current year, the company
Lansing Mfg. prepared the following annual abbreviated flexible budget for different levels of machine hours: to production. In April of the current year, the company produced 900 units and incurred $7,500 and $26,500 of variable and fixed overhead, respectively. a. What amount of variable manufacturing overhead should be applied to production in April? Applied VOH$ b. What amount of fixed manufacturing overhead should be applied to production in April? Applied FOH$ c. Calculate the under- or overapplied variable and fixed overhead for April. Note: Do not use negative signs with your answers
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