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please just answer the question #5. Time and again company makes clocks. The budgeted annual fixed overhead costs for 2017 total S720,000. Assume the fixed

please just answer the question #5. image text in transcribed
Time and again company makes clocks. The budgeted annual fixed overhead costs for 2017 total S720,000. Assume the fixed cost is spread evenly throughout the year. The company uses direct labor hours for fixed overhead allocation and anticipates 240,000 hours during the year for 480,000 units. An equal number of units are budgeted for each month. During June, 43,000 clocks were produced and $63,000 was spent on fixed overhead. 1. Determine the fixed overhead rate for the driver for 2017 2. Determine the amount of time required to complete one clock 3. Determine the standard fixed cost for one unit of output 4. Identify the respective fixed MOH variances, compute the variances, circle favorable or unfavorable and explain why is it F/UF for June 2017 a. Name b. Amount c. F/UF d. Why? e. Name f. Amount gfuf h. why S. prepare the JE to capture the FMOH variances for June 2017

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