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please assist with explaining 1,2 and 3 below for the Win corporation For Ihe Win (FTW) Corporation uses a standard costing system in the creation
please assist with explaining 1,2 and 3 below for the Win corporation
For Ihe Win (FTW) Corporation uses a standard costing system in the creation of awards and trophies. The Manufacturing overhead costs are applied to products QQ thebesjs.Qf. machine time. Actual Fixed Overhead Cost Required: Flexible Budget Overhead Cost Budget variance, $1,880 U Total variance, $388 Fixed Overhead Cost Applied to Work in Process 302,100 MH x $1.08 = (c) 1) Unfortunately, due to accounting glitches in FTW's software, several numbers and labels have been omitted from the analysis of fixed overhead below. Supply the missing numbers and labels to help FTW out. 2) Next, assume that 6 minutes of machine time is standard per unit of production. How manyunits were in the situation above? 3) Once again, assume that 6 minutes of machine time is standard per unit of production. How many units of production were assumed when the predetermined application rate for fixed overhead was established?
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