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Please help me with these 2 accounting (manufacturing overhead) problems! Thank you! A manufacturing company uses a standard costing system In which standard machine-hours (MHs)
Please help me with these 2 accounting (manufacturing overhead) problems! Thank you!
A manufacturing company uses a standard costing system In which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: How much overhead was applied to products during the period? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Rostad Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: The company based Its original budget on 8,100 machine-hours. The company actually worked 8,060 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 7,990 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Do not round intermediate calculations.)
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