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Please answer the following question in the format provided. m Midterm x 6 9 C' l(Dezto.mheducation.com/hm.tpx lo Inbox (4 x Your exp x Midterm x
Please answer the following question in the format provided.
Inbox (4 x Your exp x Midterm x M ezto.mheducation.com/hm.tpx Grades f x Serf@Per x www.cor x Etsy - Convers x Gradebc Chase C x Tait Gori x Save & Exit Questions 19 - 22 (of 23) [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Submit Direct materials (4.0 lbs. @ $6.00 per lb.) Direct labor (1.9 hrs. @ $13.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $ 24.00 24.70 35.15 $ 83.85 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs Fixed overhead costs Depreciationbuilding Depreciationmachinery Taxes and insurance Supervision Total fixed overhead costs Total overhead costs $ 15,000 75,000 15,000 30,000 $ 135,000 23,000 70,000 18,000 281,250 392,250 $ 527,250 The company incurred the following actual costs when it operated at 75% of capacity in October.
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